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. You also learn that Orange spent $18,750,000 on materials costs and $7,790,000 on conversion costs during June.
Required:
Complete steps 1-5 of Orange’s process-costing report for June.
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