Inventoriable costs are costs of a product that are considered:

Group of answer choices

assets in a companys balance sheet when the costs are incurred and are expensed as cost of goods sold only when the product is sold.

liabilities in a companys balance sheet when the costs are incurred and are expensed only when the product is sold.

assets in a companys income statement when the costs are capitalized and are expensed as cost of goods sold only when the product is sold.

liabilities in a companys income statement when the costs are capitalized and are expensed only when the product is sold.