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Required information Use the following information for the Exercise below. (Static) [The following information applies to the questions displayed below) Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $15 per unit $ 16 per unit $ 4 per unit $ 160,000 per year 20,000 units 14,000 units 6,000 units Exercise 6-2 (Static) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 es Required 1 Required 2 Required 3 Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Variable costing per unit + Total product cost per unit Required 1 Required 2 Required 3 Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Variable costing per unit Direct labor Direct materials Fixed overhead Required 2 > Variable overhead Required 1 Required 2. Required 3 Determine the cost of ending finished goods inventory using variable costing. Variable costing Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of finished goods inventory Required 1 Required 2 Required 3 Determine the cost of goods sold using variable costing. Variable costing Cost per unit of goods sold using: Total product cost per unit Number of units sold Cost of sold goods