Identify which of the following costs of a product manufacturer would be included in inventories:
• Salaries of assembly line workers
• Raw materials
• Salary of factory foreman
• Heating cost for the factory
• Miscellaneous supplies used in production process
• Salary of the CEO
• Costs to ship raw materials from the supplier to the factory
• Electricity cost for the factory
• Salaries of the sales team
• Depreciation of factory machines
• Property taxes on factory building
• Discounts for early payment of raw material purchases
• Salaries of the factory’s janitorial staff