Question
PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the month of August 2024: Beginning Work in Process: 5,000
PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the month of August 2024:
•Beginning Work in Process: 5,000 units (80% complete)
•Units started: 14,000 units
•Ending Work in Process: 4,000 units (90% complete)
•Costs: Beginning WIP ($25,000), Added during the month ($225,000)
Required:
1.Calculate the equivalent units of production for August.
2.Determine the cost per equivalent unit.
3.Prepare the cost reconciliation for August.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
