Orange Computers began July with 75,000 units of its portable music player in work-in-process inventory. These units were 100% complete with respect to materials and 40% complete with respect to conversion costs. Orange valued this inventory at $6,765,000, comprising $5,625,000 in materials costs and $1,140,000 in conversion costs.
During July, Orange started another 150,000 units to production and completed a total of 200,000 units by month’s end. Production personnel estimate that the 25,000 units still in process on July 31 are 100% complete with respect to materials and 50% complete with respect to conversion costs. Finally, Orange spent $11,475,000 on materials costs and $7,147,500 on conversion costs during July.

Required:
Complete Orange’s process-costing report for July. What is Orange’s cost of goods manufactured (COGM) for July and the cost of its work-in-process inventory (WIP) on July 31?