Question: Question 1. (10 Marks) Case 1 (1 Mark) Bourne Crafts manufactures specialty key chains for tourist attractions. On January 1, the firm had 200 souvenir

Question 1. (10 Marks) Case 1 (1 Mark) Bourne Crafts manufactures

Question 1. (10 Marks) Case 1 (1 Mark) Bourne Crafts manufactures specialty key chains for tourist attractions. On January 1, the firm had 200 souvenir attraction disks used in the production of the chains that cost $3 each; and 600 completed key chains that cost $6 each. During the year Bourne Crafts purchased 1,500 souvenir disks costing $3 each and produced 1,100 key chains. Compute the total cost of raw materials inventory at December 31

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