Exercise $1-12($Algo$)$ 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

$5,410$ batteries 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 used by the company's traveling sales staff. The remaining $4,900$ batteries withdrawn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:

and $2.$ Determine the cost of batteries appearing 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.