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15 Required information The following information applies to the questions displayed below.] 8 02:02:50 Ramort Company reports the following for its single product. Ramort produced and sold 22,000 is this year. Direct materials Direct labor $ 20 per unit $ 22 per unit Variable overhead ga overhead 44, 000 per year table selling and administrative expenses $ 3 per unit Fixed selling and administrative expenses 67 , 200 per year $ 90 per unit Compute gross profit under absorption costing RAMORT COMPANY Gross Profit (Absorption Costing) 16 Required information (The following information applies to the questions displayed below.] Part 1 of 2 Trio Company reports the following information for its first year of operations. Direct materials Direct labor $ 18 per uni 8 02:02:37 Variable overhead $ 8 per unit Fixed overhead 50, 500 per year 25, 050 units 19, 000 units Ending finished goods inventory 6 , 050 units 1. Compute the product cost per unit using absorption costing. 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing Product cost per unit Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Absorption costing Product cost per unit Number of units sold Cost of sold goods