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Inventoriable costs for GAAP purposes: a. include only the prime costs of manufacturing a product. b. include only the conversion costs of providing a service.
Inventoriable costs for GAAP purposes: a. include only the prime costs of manufacturing a product. b. include only the conversion costs of providing a service. c. exclude fixed manufacturing overhead costs. d. reflect full absorption costing and are regarded as assets until units are sold.
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