Exercise Algo Product and Period Cost Flows LO
The Devon Motor Company produces automobiles. On April the company had no beginning inventories, and it purchased batteries at a cost of $ per battery. It withdrew batteries from the storeroom during the month. Of these, were used to replace batteries in cars used by the company's traveling sales staff. The remaining batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, percent were completed and transferred from work in process to finished goods. Of the cars completed during the month, percent were unsold at April
Required:
and Determine the cost of batteries appearing in each of the following accounts on April and select whether each of the accounts would appear on the balance sheet or on the income statement.
tableName of the Account,Cost,Appears on:Raw Materials,,Work in Process,,Finished Goods,,Cost of Goods Sold,,Selling Expense,,
