PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the month of June 2024:
•Beginning Work in Process: 3,000 units (60% complete)
•Units started: 10,000 units
•Ending Work in Process: 2,500 units (70% complete)
•Costs: Beginning WIP ($15,000), Added during the month ($135,000)
Required:
1.Calculate the equivalent units of production for June.
2.Determine the cost per equivalent unit.
3.Prepare the cost reconciliation for June.