Kirkland Furniture is a manufacturing plant that makes a variety of tables, benches, and other furniture. Indicate which inventory account(s) would be affected by the following actions that occur at Kirkland's in the process of manufacturing its standard picnic tables. Also indicate whether the inventory account would increase or decrease as a result of the action.
a. Lumber is delivered by the supplier to the plant, where it is stored in a materials storeroom until needed.
b. Lumber is requisitioned from the storeroom to be used for tops and seats for the tables.
c. Factory workers cut the lumber for the tables.
d. Five tables are completed and moved to the inventory storage area to await sale.
e. A customer purchases a table and takes it home.