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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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You have $42,180.53 in a brokerage account, and you plan to deposit a additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your g..
Which one of the following should be equal to the balance of the work in process inventory account at the end of the period?
Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:
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