Can you please put this in your own words? not summarized but put in your own words all of it. Thank you

Laramie is average sized company that purchases copper and plastic materials used to manufacture insulated copper wiring. The company is based in the northeastern part of the united states. Laramie produces good quality products and have earned a good reputation They also built a good working relationship with their outside accountants over the past decade. The company operates out of a single building complex totaling 400,00 square feet, which includes an office space(3%) Production area (62%) Shipping and Receiving(15%) and finished goods and raw materials inventory warehousing (20%). They make several different gauges and types of insulated copper wire for use in application ranging from residential telephone and electrical wiring to industrial-trade, high voltage power cables.

Laramie uses similar raw material for all of its different types of products so raw materials inventory is stored in a single location, divided into copper and plastics.

Finished goods are stored on large stackable spools of various sizes, with approximately 500,00 feet of wire per spool. Copper rod inventory is stored on pallets which are not stackable. Each Pallet measures 5 feet by 5 feet, stands 5

Each Pallet measures 5 feet by 5 feet, stands 5 feet tall and holds 1,250 pounds of copper rod. Plastics inventory is stored in 4 feet-tall stackable barrels, with approximately 350 lbs of Plastic per barrel.

The raw materials inventory storage area is located near the sipping and receiving area for convenience.

Laramies production process is semi-automated, but it still requires a relatively large amount of labor. Thus, Laramies conversion costs are fairly evenly divided between direct labor and factory overhead. Overhead consists primarily of the costs of the production facilities and depreciation and maintenance on the machinery. Laramie uses a hybrid product costing system (i.e., a system that combines characteristics of both job-order and process costing systems) to accommodate both the continuous and homogeneous nature of the manufacturing process and the fact that production runs are performed in separately identifiable batches. In accordance with the relatively homogenous nature of Laramies products, overhead is allocated from a single cost pool based on a combination of machine and direct labor hours.