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. To help your new boss better understand accounting for a manufacturing organization, 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. Question 4 (20 marks) ABC Limited company has recorded the following costs: Month Units Produced Cost A Cost B Cost C Jan 10,000 $40,000 $125,000 $24,500 Feb 9,000 $36,000 $125,000 $23,250 Mar 12,000 $48,000 $125,000 $27,000 Apr 15,000 Instructions If the company produces units in April, what would be the expected costs for each of Cost A, Cost B, and Cost C? If the cost is a mixed cost, use the high-low method to determine April's cost. Question 5 (20 marks) Account balances for ABC Manufacturing Company's accounting records for the month ending Dec 31, last year, appear below: Factory Supervision Salaries $85,000 Income Tax Expense $40,000