Process Costing in Food Industry at Kellogg's

Requirements:

1. Implement process costing to analyze production costs for Kellogg's cereal products, including Corn Flakes, Frosted Flakes, and Rice Krispies.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Corn Flakes	0.65 per unit	0.22 per unit	0.14 per unit
Frosted Flakes	0.80 per unit	0.28 per unit	0.18 per unit
Rice Krispies	0.70 per unit	0.24 per unit	0.16 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.