Process Costing in Chemical Industry at Dow Inc.

Requirements:

1. Implement process costing to analyze production costs for Dow Inc.'s chemical products, including polyethylene, polyurethane, and styrene.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Polyethylene	0.70 per unit	0.40 per unit	0.30 per unit
Polyurethane	0.65 per unit	0.35 per unit	0.25 per unit
Styrene	0.75 per unit	0.45 per unit	0.35 per unit

2. Calculate the total manufacturing costs for each product line.
3. Determine the cost per unit using weighted average method for inventory valuation.
4. Recommend cost-saving measures to improve production efficiency and profitability.