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Inventoriable costs versus period costs. Each of the following cost items pertains to one of these companies: Home Depot ( a merchandising - sector company
Inventoriable costs versus period costs. Each of the following cost items pertains to one of these companies: Home Depot a merchandisingsector company Apple a manufacturingsector company and Rent a Nanny a servicesector company: A Cost of lumber and plumbing supplies available for sale at Home Depot B Electricity used to provide lighting for assemblyline workers at an Apple manufacturing plant C Depreciation on store shelving in Home Depot D Mileage paid to nannies traveling to clients for Rent a Nanny E Wages for personnel responsible for quality testing of the Apple products during the assembly process F Salaries of Rent a Nanny marketing personnel planning localnewspaper advertising campaigns G Lunches provided to the nannies for Rent a Nanny H Salaries of employees at Apple retail stores I. Shipping costs for Apple to transport products to retail stores Distinguish between manufacturing merchandising and servicesector companies. Distinguish between inventoriable costs and period costs. Classify each of the cost items AI as an inventoriable cost or a period cost. Explain your answers. Required
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