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17) Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 12 per unit Direct

17)

Trio Company reports the following information for the current year, which is its first year of operations.

Direct materials $ 12 per unit
Direct labor $ 17 per unit
Overhead costs for the year
Variable overhead $ 75,000 per year
Fixed overhead $ 150,000 per year
Units produced this year 25,000 units
Units sold this year 19,000 units
Ending finished goods inventory in units 6,000 units

Compute the cost per unit using absorption costing.

Cost per unit of finished goods using: Absorption Costing

________________________________________ ______________________________________

________________________________________ ____________________________________

_________________________________________ _____________________________________

______________________________________________ ______________________________________

_________________________________________ _______________________________________

Cost per unit of finished goods ____________________________________

Determine the cost of ending finished goods inventory using absorption costing.

Cost per unit of finished goods using: Absorption Costing

Number of units in finished goods ___________________________________

Total cost of finished goods inventory ______________________________________

Determine the cost of goods sold using the absorption costing.

Cost per unit of goods sold using Absorption Costing

Number of units in sold goods _____________________________________

Total cost of sold goods ______________________________________

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