Process Costing at Nestl Values: Beginning Work in Process: $80,000 Total Manufacturing Costs: $900,000 Ending Work in Process: $60,000 Units Completed: 70,000 units Requirements: Calculate

Process Costing at Nestlé

• Values:

• Beginning Work in Process: $80,000
• Total Manufacturing Costs: $900,000
• Ending Work in Process: $60,000
• Units Completed: 70,000 units
• Requirements:

0. Calculate the cost per equivalent unit using the weighted average method.
1. Determine the cost of goods manufactured and transferred out.
2. Discuss the advantages of process costing in food production.
3. Suggest ways to optimize process costing at Nestlé.