Question
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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