EXERCISE 2-12 (30 MINUTES)

4, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH02 COST TERMS CONCEPT AND CLASSIFICATIONS
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH02 COST TERMS CONCEPT AND CLASSIFICATIONS

4,725)... 4,725

Motorcycles still in Finished Goods at April 30 ... 2,025

Cost per battery ... × $10

Cost in Finished Goods Inventory at April 30... $20,250

d. Motorcycles sold during the month (above) ... 4,725

Cost in Cost of Goods Sold at April 30 ... $47,250

e. Batteries used in salespersons’ motorcycles ... 100

Cost per battery ... × $10

Cost in Selling Expense at April 30 ... $ 1,000