Assume You Have Just Taken a Position as Controller for a New

Essay

Assume you have just taken a position as controller for a new company that manufactures and sells wrought iron wall hangings. Although the founder of the company who is the president and CEO is a great artisan she has very limited knowledge of accounting.
Instructions
To help your new boss better understand accounting for a manufacturing organization prepare a response to her in which you: (1) identify (2) describe and (3) provide examples of the three manufacturing costs and the three inventory accounts used in accounting for a manufacturing company.