Intel Corporation manufactures computer processors using process costing. In October 2026, the company incurs the following costs related to its manufacturing process:

• Fabrication Department Costs: $50 million
• Assembly Department Costs: $30 million
• Testing and Quality Control Costs: $10 million

Required:

• Calculate the total manufacturing costs for Intel Corporation.
• Determine the cost per unit produced assuming 1 million processors manufactured.
• Allocate costs between Fabrication and Assembly departments using the sequential method.
• Analyze the impact of cost allocation methods on product costing.
• Prepare a process costing statement for Intel Corporation's manufacturing process.