Step 2: Update your chart of accounts to include accounts related to a manufacturer. To convert your QuickBooks service company's accounting system to that used by a manufacturing company, you will need to create eight new General Ledger accounts. Those accounts are: 1. Raw Materials Inventory 2. Work in Process Inventory 3. Finished Goods Inventory 4. Wages Payable 5. Factory Overhead 6. Sales Revenue 7. Cost of Goods Sold 8. Selling and Administrative Expenses Go to QuickBooks and login to your company. Choose the Accounting" menu from the hand side of the screen, and select "Chart of Accounts." Click "New" (green button on right side of the screen). Enter the "Account Type," "Detail Type," and "Name" for each of the accounts listed a You must determine the Account Type and Detail Type based upon your understanding accounts as learned in class. Enter "Save and New" to enter another account. Save and when you have entered all accounts