For inventoriable costs to become expenses under the matching principle

A) the product must be finished and in stock.
B) the product must be expensed based on its percentage-of-completion.
C) the product to which they attach must be sold.
D) all accounts payable must be settled.

Inventoriable Costs

Direct costs associated with the acquisition or production of goods that are capitalized as inventory and recognized as cost of goods sold when the inventory is sold.

Matching Principle

A fundamental accounting concept that requires expenses to be recorded in the same period as the revenues they helped generate.

Percentage-of-Completion

An accounting method that recognizes revenue and expenses of long-term projects as a percentage of work completed during the period.