Assume you have just taken a position as a financial officer for a new company that manufactures and sells wooden chairs. Although the founder of the company, who is the CEO, is a great artisan, she has very limited knowledge of accounting. To help your new boss better understand accounting for a manufacturing organisation, write a memo to her in which you: (1) identify, (2) describe and (3) provide examples of the three manufacturing costs and the three inventory accounts used in accounting for a manufacturing company.

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The Answer of Assume you have just taken a position as a financial officer for a new company that manufactures and sells wooden chairs. Although the founder of the company, who is the CEO, is a great artisan, she has very limited knowledge of accounting. To help your new boss better understand accounting for a manufacturing organisation, write a memo to her in which you: (1) identify, (2) describe and (3) provide examples of the three manufacturing costs and the three inventory accounts used in accounting for a manufacturing company.

Assume You Have Just Taken a Position as a Financial