Question: Orange Computers began June with zero units of its portable music player in work-in-process inventory. During June, Orange started 250,000 units into production, completing 175,000

Orange Computers began June with zero units of its portable music player in work-in-process inventory. During June, Orange 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.

Required:
Complete steps 1 and 2 of Orange’s process-costing report for June.

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