Process Costing in Pharmaceutical Industry at Pfizer Inc.

Requirements:

1. Implement process costing to analyze production costs for Pfizer Inc.'s pharmaceutical products, including vaccines, antibiotics, and pain relievers.

Product	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Vaccines	1.50 per unit	0.75 per unit	0.50 per unit
Antibiotics	1.30 per unit	0.65 per unit	0.40 per unit
Pain Relievers	1.40 per unit	0.70 per unit	0.45 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.