2 Exercise 19-2 Computing unit and inventory costs under variable costing LO P1 1 points Trio Company reports the following information for the current year, which is its first year of operations. Book Hint Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 15 per unit 16 per unit $ 80,000 per year $160,000 per year 20,000 units 14,000 units 6,000 units Print References Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing 0 Cost per unit of finished goods $ Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory Determine the cost of goods sold using variable costing. Cost per unit of goods sold using Variable costing Number of units in sold goods Total cost of sold goods 3 Exercise 19-5 Absorption costing and variable costing income statements LO P2 Rey Company's single product sells at a price of $216 per unit. Data for its single product for its first year of operations follow. 1 points eBook Direct materials Direct labor Overhead costs Variable overhead Fixed overhead per year Selling and administrative expenses Variable Fixed Units produced and sold 20 per unit 28 per unit 6 per unit $ 160,000 per year Hint Print References $ 18 per unit $ 200,000 per year 20,000 units 1. Prepare an income statement for the year using absorption costing 2. Prepare an income statement for the year using variable costing Required 1 Required 2 Prepare an income statement for the year using absorption costing. REY COMPANY Absorption Costing Income Statement Net income (loss) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Prepare an income statement for the year using variable costing. REY COMPANY Variable Costing Income Statement es Net income (loss)