# ASC 330-930-25: Inventory — Extractive Activities—Mining — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/930/#25-recognition)

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## ASC 330-930-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/330/930/#25-recognition)

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#### Production Phase Stripping Costs

##### [330-930-25-1](https://asc.understandingaccounting.org/asc/330/930/#330-930-25-1)

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[Stripping costs](https://asc.understandingaccounting.org/glossary/s/#stripping-costs "Stripping costs are costs incurred for the removal of overburden or waste materials for the purpose of obtaining access to an ore body that will be commercially produced.") incurred during the [production phase](https://asc.understandingaccounting.org/glossary/p/#production-phase "The production phase of a mine is deemed to begin when saleable minerals are extracted (produced) from an ore body, regardless of the level of production. However, the production phase does not commence with the removal of de minimis saleable mineral material that occurs in conjunction with the removal of overburden or waste material for the purpose of obtaining access to an ore body.") of a mine are variable production costs that should be included in the costs of the inventory produced (that is, extracted) during the period that the stripping costs are incurred.