Autoethnograpy: Peer Revi Connect Recent-Google Drive Auto Bibliography-Google c

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Autoethnograpy: Peer Revi Connect Recent-Google Drive Auto Bibliography-Google cla edu x x ure https ucation.com/flow/connect.html ter 1 Saved Help 8 The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 5,630 batterles at a cost of $60 per battery. It withdrew 5,200 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 The remaining 5,100 batteries withdrawn from the storeroom were placed in cars being produced by the company.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 30th ints Required: 1. Determine the cost of batteries that would appear in each of the following accounts on April 30th. eBook Cost 1a. Raw Materials 1b. Work in Process 1c. Finished Goods 1d. Cost of Goods Sold 1e. Selling Expense 25,800 $ 30,600 Print Prex 8of 10 ???? Next >

Explanation / Answer

Req 1-a: Total batteries purchased: 5630 Less: Batteries Issued 520 Batteries in Storeroom 430 Cost price 60 Raw material inventory 25800 Req 1-b: Total Batteries used in Production 5100 Less: 90% compelted 4590 Batteries in rpocess 510 WORK in process inv. @ 60 30600 Req 1-c Total Batteries issued for production 5100 90% finished 4590 Less: Goods sold 3213 Finished Goods inventory 1377 Finished Goods inventory in $ 82620 Req 1-d: Unit of goods sold 3213 Cost price 60 Cost of Goods sold 192780 Req 1-e: Selling expense (100 batteries@60) 6000

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