Inventoriable costs

Inventoriable costs is all costs of a product that are considered as assets in the balance sheet when they are incurred and that become cost of goods sold only when the product is sold.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Inventoriable costs. All costs of a product that are considered as assets in the balance sheet when they are incurred and that become cost of goods sold only when the product is sold.