Process Costing in Food Industry at General Mills

Requirements:

1. Implement process costing to analyze production costs for General Mills' cereal products, including Cheerios, Wheaties, and Cinnamon Toast Crunch.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Cheerios	0.60 per unit	0.25 per unit	0.15 per unit
Wheaties	0.75 per unit	0.30 per unit	0.20 per unit
Cinnamon Toast Crunch	0.85 per unit	0.35 per unit	0.25 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.