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4) Assume you have just taken a position as controller for a new company that manufactures and sells wrought iron wall hangings. Although the founder

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4) Assume you have just taken a position as controller for a new company that manufactures and sells wrought iron wall hangings. Although the founder of the company, who is the president and CEO, is a great artisan, she has very limited knowledge of accounting. Instructions To help your new boss better understand accounting for a manufacturing organization, prepare a response 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. Dll DD 80 DOO OOO F9 F10 F8 F5 F7 Page of 3 Manufacturing Inventory Example: Manufacturing SHOW YOUR WORK Identity Describe Example Direct Materials Directly identified Wood in a table with finished product DU DD FT FE & % 5 8 6 3 7 9 4 0

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