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Orange Computers began June with zero units of its portable music player in work-in-process inventory. During June, Organ started 250,000 units into production, completing 175,000 units by month's end. Production personnel estimate that the 75,000 units still in process on June 30 are 100% complete with respect to materials and 40% complete with respect to conversion costs.

a. compete steps 1 and 2 of Orange's process-costing report for june

b. Looking at (a) you now learn that Orange spent $18,750,000 on materials costs and $7,790,000 on conversion costs during June. So now complete steps 3 and 4 of Orange's process-costing report for June.

c. Looking at (b) now complete steps 1-5 on Orange's process-costing report for June. What is Orange's cost of goods manufactured (COGM) for June and the cost of its work-in-process inventory (EWIP) on June 30?

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Accounting Basics, Accounting

Category:- Accounting Basics
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