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In like manner, a finished goods inventory will also have an inventoriable cost. This will include not only all the costs related to the raw materials, but also the direct labor and any fixed or variable overhead that is incurred while producing those finished goods. If those goods are stored at a rented facility, even the cost of the rental will be accounted for as an inventoriable cost.
Example. A very simple example of incremental cost would be a factory producing widgets where it takes one employee an hour to produce one widget. As a simple figure, the incremental cost of a widget would include the wages for an hour in addition to the cost of materials used in production of a widget.