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Exercise 1-12 Product and Period Cost Flows [LO1-3] The Devon Motor Company produces automobles. On April 1st the company had no beginning Inventories and It
Exercise 1-12 Product and Period Cost Flows [LO1-3] The Devon Motor Company produces automobles. On April 1st the company had no beginning Inventories and It purchased 5,410 batterles at a cost of $50 per battery. It withdrew 5,000 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 The remalning 4,900 batterles withdrawn from the storeroom were placed In cars belng produced by the company. Of the cars In production during April, 90 percent were completed and transferred from work In process to finlshed goods. Of the cars completed during the month, 30 percent were unsold at April 30th. Required 1. Determine the cost of batteries that would appear In each of the following accounts on April 30th Name of the Account Cos 1a Raw Materials 1b. 1c. 1d. 1e. Selling Expense Work in Process Finished Goods Cost of Goods Sold
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