Outdoor Furniture Company manufactures outdoor furniture from recycled plastic lumber (HDPE). The following table contains events that
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Cost of Raw Materials Order Inventory Invent No effect on inventorv or COGS WIP FG ory Inventory Sold vent a. John Hosbach, an employee of Outdoor Furniture Company, drills holes into the cut lumber so that these pieces can be used in building the basic model of an outdoor table. b. An order of recycled plastic lumber, the primary component in making the outdoor tables, is received by Outdoor Furniture Company. The plastic lumber is stored in the stockroom until needed in production. c. An order is received for five of the basic model outdoor tables and the tables are shipped to thoe customer d. Several of the plastic lumber boards are taken from the stockroom to be cut down into the lengths used in the basic model of the outdoor table e. The customer is billed for the five basic model outdoor tables. f. Twelve of the basic model outdoor tables are completed and are stored in the finished goods warehouse.
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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