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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?
Internal financial information is not available to public, so we have to rely on external information for our analysis. Review the financial statements for two years for your company which is Walgreens and another company which is CVS in the same ..
Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:
The stockholders' equity accounts of Sigma Corporation on January 1, 2010, were as follows. Journalize the transactions.
What is the difference between a "Revenue Center" and a "Profit Center"? Discuss the Differences Between Responsibility Centers and Decentralization. What other reasons are there to indicate decentralization is a better way of doing business?
On the basis of the information above, do you agree with the controller's computation of earnings per share for the year? If you disagree, prepare a revised computation of earnings per share
During the year, Baskett reports net income of $90,000 while paying dividends of $30,000. What is the Investment in Baskett Company balance (equity method) in Ace's financial records as of December 31 ?
Hazel purchased a new business asset (five-year asset) on September 30, 2012, at a cost of $100,000. On October 4, 2012, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2012. The only election with respect to ..
A $600,000 bond was retired at 103 when the carrying value of the bond was $622,000. The entry to record the retirement would include a:
Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds by Titus Co.:
The governing body of the Order decided that it was no longer feasible to operate the convent, which had been built about sixty years ago, so it was advertised locally for sale.
Burger Corp has $500,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $600,000, and its net income after taxes was $25,000.
The town of Seaside has decided to construct a new sea aquarium to attract tourist. The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how t..
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