Your answer is partially correct Wildhorse Company manufactures boats, each of which is equipped with a cellular phone. During September, 2022, the company purchased 100 cellular phones at a cost of $110 each Wildhorse withdrew 76 phones from the warehouse during the month 26 of these phones were installed in sales persons cars and the remaining 50 phones were put in boats manufactured during the month. The remaining phones are to be installed in boats in the next production run of the boats put into production during September, 2022. 80% were completed and transferred to the company's storage lot. Fifty percent of the boats completed during the month were sold by September 30. Determine the cost of cellular phones that would appear in each of the following accounts at September 30, 2022 Raw materials inventory $ 2640 1100 Work in process inventory Finished goods inventory 2200 Cost of goods sold 2200 Selling expenses 2200 Total 10540