Apply process costing to evaluate production costs at Johnson & Johnson for a new pharmaceutical product.

Determine the costs for raw materials, labor, and overhead in the production process.

Calculate the cost per unit for each stage of production.

Analyze the total production cost per unit and recommend cost-saving measures.

Cost Components	Amount ($)
Raw Materials	$12,000,000
Labor	$6,000,000
Overhead	$8,000,000