Kingbird Motor Company manufactures automobiles. During September 2022, the company purchased 4,000 head lamps at a cost of $10 per lamp. 40 of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 3,680 lamps were put in autos manufactured during the month.Of the autos put into production during September 2022, 90% were completed and transferred to the company’s storage lot. Of the cars completed during the month, 70% were sold by September 30.(a)Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2022.Raw Materials$enter a dollar amount Work in Process$enter a dollar amount Finished Goods$enter a dollar amount Cost of Goods Sold$enter a dollar amount Selling Expenses$enter a dollar amount

First, let's calculate the total cost of head lamps purchased by the company:

4,000 head lamps * $10 per lamp =$40,000

(a) The cost of head lamps that would appear in each of the following accounts at September 30, 2022:

1. Raw Materials: These are the head lamps that have been purchased but not yet used. Since 40 lamps were used for sales staff and 3,680 were used in production, the remaining lamps are raw materials.

4,000 total lamps - 40 sales staff lamps - 3,680 production lamps = 280 lamps

280 lamps * $10 per lamp =$2,800

2. Work in Process: These are the lamps put into cars that are not yet completed. Since 90% of the cars were completed, 10% are still in process.

3,680 production lamps * 10% = 368 lamps

368 lamps * $10 per lamp =$3,680

3. Finished Goods: These are the lamps in cars that have been completed but not yet sold. Since 70% of the completed cars were sold, 30% are still finished goods.

3,680 production lamps * 90% completed cars * 30% unsold cars = 993.6 lamps, round it to 994 lamps

994 lamps * $10 per lamp =$9,940

4. Cost of Goods Sold: These are the lamps in cars that have been sold.

3,680 production lamps * 90% completed cars * 70% sold cars = 2,318.4 lamps, round it to 2,318 lamps

2,318 lamps * $10 per lamp =$23,180

5. Selling Expenses: These are the lamps used to replace those in the cars of the sales staff.

40 lamps * $10 per lamp =$400

So, the cost of head lamps that would appear in each of the following accounts at September 30, 2022 is:

Raw Materials: $2,800 Work in Process:$3,680 Finished Goods: $9,940 Cost of Goods Sold:$23,180 Selling Expenses: $400

First, let's calculate the total cost of head lamps purchased in September 2022:

4,000 head lamps * $10 per lamp =$40,000

(a) The cost of head lamps that would appear in each of the following accounts at September 30, 2022:

1. Raw Materials: These are the head lamps that have been purchased but not yet used. Since 40 lamps were used for sales staff and 3,680 were used in production, the remaining lamps are raw materials.

4,000 lamps - 40 lamps - 3,680 lamps = 280 lamps

So, the cost of head lamps in Raw Materials = 280 lamps * $10 per lamp =$2,800

2. Work in Process: These are the lamps put into cars that were not completed. Since 90% of the cars were completed, 10% were not.

3,680 lamps * 10% = 368 lamps

So, the cost of head lamps in Work in Process = 368 lamps * $10 per lamp =$3,680

3. Finished Goods: These are the lamps in cars that were completed but not sold. Since 70% of the completed cars were sold, 30% were not.

3,680 lamps * 90% * 30% = 993.6 lamps (round to 994 lamps)

So, the cost of head lamps in Finished Goods = 994 lamps * $10 per lamp =$9,940

4. Cost of Goods Sold: These are the lamps in cars that were completed and sold.

3,680 lamps * 90% * 70% = 2,317.6 lamps (round to 2,318 lamps)

So, the cost of head lamps in Cost of Goods Sold = 2,318 lamps * $10 per lamp =$23,180

5. Selling Expenses: These are the lamps used to replace the head lamps in autos used by traveling sales staff.

40 lamps * $10 per lamp =$400

So, the cost of head lamps in Selling Expenses = $400

In summary:

Raw Materials: $2,800 Work in Process:$3,680 Finished Goods: $9,940 Cost of Goods Sold:$23,180 Selling Expenses: $400