Process Costing and Inventory Valuation at Coca-Cola Company

Requirements:

1. Implement process costing to analyze production costs for Coca-Cola's various beverage products, including Coca-Cola Classic, Diet Coke, and Sprite.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Coca-Cola Classic	0.50 per unit	0.30 per unit	0.20 per unit
Diet Coke	0.45 per unit	0.25 per unit	0.18 per unit
Sprite	0.48 per unit	0.28 per unit	0.22 per unit

2. Calculate the total manufacturing costs for each product line.
3. Determine the cost per unit using FIFO (First In, First Out) method for inventory valuation.