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    Product cost flow - Devon Motor Company

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    April Battery purchases at cost 8000 10 80000
    Inventory withdrawn -7600
    Batteries used 100
    90% transferred to finished goods
    30% unsold in April

    Calculate COGS and explain how you got it.

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    https://brainmass.com/business/accounting/product-cost-flow-devon-motor-company-352253

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    April Battery purchases at cost 8000 10 80000
    Inventory withdrawn -7600
    Batteries used 100
    90% transferred to finished goods
    30% unsold in april

    Raw materials 8000 10 80000
    Work in Progress 7500 10 75000
    Finished Goods 6750 10 67500
    Cost of Goods Sold 57500 ?
    Selling Expense 100 10 1000
    30% unsold 2250 10 22500

    Balance Sheet as of Aprin 30th

    Current Assets
    Raw Materials 80000
    Finished ...

    Solution Summary

    The solution explains how to calculate the cost of inventory - raw material, work in process, finished goods and cost of goods sold for Exercise 2-12 relating to Devon Motor Company

    $2.19

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