1. Coca-Cola Company produces beverages using process costing. In January 2030, the company incurs costs of $80 million in its bottling department. The production data for the month is as follows:
   • Beginning inventory: 10,000 units
   • Units started and completed: 50,000 units
   • Ending inventory: 5,000 units
   • Cost allocation: Direct materials $2 per unit, Direct labor $1.50 per unit, and Factory overhead $1.25 per unit

Required:

• Calculate the equivalent units for direct materials, direct labor, and factory overhead.
• Allocate costs using the weighted average method.
• Determine the cost per equivalent unit for direct materials, direct labor, and factory overhead.
• Allocate costs to completed units and units in ending inventory.
• Prepare a cost reconciliation report for Coca-Cola Company.