Bourne Crafts Manufactures Specialty Key Chains for Tourist Attractions

question 83

Essay

Bourne Crafts manufactures specialty key chains for tourist attractions.On December 31,2013,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 year 2013 Bourne Crafts purchased 1,500 souvenir disks costing $3 each and produced 1,100 key chains.
Required:
Determine the total cost of raw materials inventory at December 31,2013.

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Definitions:

Mobile Devices

Mobile devices are portable computing devices such as smartphones and tablets that allow users to perform a variety of tasks, including communication, internet browsing, and accessing applications.

Collaboration Features

Tools and functionalities within software or platforms that facilitate working together in real-time or asynchronously.

Web Apps

Web Apps are applications that run on a web server and can be accessed through a web browser, offering users interactive services and functionalities without needing to be downloaded and installed on their devices.

Local Apps

Applications that are installed directly on a device, running on its operating system without the need for an internet connection.