Duncan Crafts manufactures specialty key chains for tourist attractions.On January 1,the firm had 300 souvenir attraction disks,costing $3 each,used in the production of key chains.During the year Duncan Crafts purchased 1,500 souvenir disks costing $3 each and produced 1,100 key chains.Compute the total cost of souvenir disk raw materials inventory at December 31.

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The Answer of Duncan Crafts manufactures specialty key chains for tourist attractions.On January 1,the firm had 300 souvenir attraction disks,costing $3 each,used in the production of key chains.During the year Duncan Crafts purchased 1,500 souvenir disks costing $3 each and produced 1,100 key chains.Compute the total cost of souvenir disk raw materials inventory at December 31.

Duncan Crafts Manufactures Specialty Key Chains for Tourist Attractions