Honda Motor Company produces automobiles. On June 1st the company had no beginning inventories and it purchased 80,000 batteries at a cost of Rs 6500 per battery. It withdrew 76,000 batteries from the storeroom during the month. Of these, 1000 were used to replace batteries in cars being used by the sales staff. The remaining 75,000 batteries withdrawn from the storeroom were placed in cars being produced by the company. Of the cars in production during June, 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 30th. Required: 1. Determine the cost of batteries that would appear in each of the following accounts on June 30th. a. Raw Materials b. Work in Process c. Finished Goods d. Cost of Goods Sold e. Selling Expense 2. Specify whether each of the above accounts would appear on the balance sheet or on the income statement at the end of the month.