PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the Mixing Department for April 2024:
•Beginning Work in Process: 2,000 units (70% complete)
•Units started: 8,000 units
•Ending Work in Process: 1,500 units (60% complete)
•Costs: Beginning WIP ($12,000), Added during the month ($88,000)
Required:
1.Calculate the equivalent units of production for April.
2.Determine the cost per equivalent unit.
3.Prepare the cost reconciliation for April.