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2 Running Data began operations on February 1. The company produces GPS watches designed for...

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Accounting

2 Running Data began operations on February 1. The company produces GPS watches designed for nunners. On February 15, the company purchased 1200 DVD discs to include with each running watch & sels. The DVD is preloaded with product setup information, an instruction manual including video examples, and wamanty details. Each disc cost Running Data $4 During February, 400 discs were taken from the raw materials inventory. Of these, 40 were taken by the sales manager to sales meetings with prospective retailers to carry the watchers and handed out as advertising. The remaining discs were in Suded with the GPS watches that were being manufactured in February Of the watches that were bundled with the discs during February, 75% were completed and transferred from work in process to finished goods. Of the watches completed during the month, 60% were sold and shipped to customers Required: Determine the cost of discs that would be in each of the following accounts at February 201 Work in Process Frished Goode Cost of Goods So Advertising Expense 2. Specify whether each of the following accounts would appear on the balance sheet or on the income statement at February 28 Finished Goods Co Advering Experie Chart my wirk

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