Exercise $1-12($Static$)$ Product and Period Cost Flows $[$LO$1-3]$

The Devon Motor Company produces automobiles. On April $1,$ the company had no beginning inventories, and it purchased $8,000$ batteries at a cost of $$80$ per battery. It withdrew $7,600$ batteries from the storeroom during the month. Of these, $100$ were used to replace batteries in cars being used by the company$$s traveling sales staff. The remaining $7,500$ batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during April, $90$ percent were completed and transferred from work in process to finished goods. Of the cars completed during the month, $30$ percent were unsold at April $30.$

Required:

$1.$ and $2.$ Determine the cost of batteries that would appear in each of the following accounts on April $30$ and select whether each of the accounts would appear on the balance sheet or on the income statement.