Process Costing in Chemical Industry at DuPont

Requirements:

1. Implement process costing to analyze production costs for DuPont's chemical products, including nylon, neoprene, and Kevlar.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Nylon	0.90 per unit	0.55 per unit	0.40 per unit
Neoprene	0.85 per unit	0.50 per unit	0.35 per unit
Kevlar	1.00 per unit	0.60 per unit	0.45 per unit

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