inventoriable Definition
able to be recorded as an asset on a company's balance sheet.
Using inventoriable: Examples
Take a moment to familiarize yourself with how "inventoriable" can be used in various situations through the following examples!
Example
The company has inventoriable items worth millions of dollars.
Example
Inventoriable costs include direct materials, direct labor, and factory overhead.
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Summary: inventoriable in Brief
'Inventoriable' [ɪnˈvɛntərɪəbəl] is an adjective that describes an item or cost that can be recorded as an asset on a company's balance sheet. Examples of inventoriable items include direct materials, direct labor, and factory overhead.
