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Required information [The following information applies to the questions displayed below] Trio Company reports the following information for its first year of operations. Compute the product cost per unit using absorption costing. Determine the cost of ending finished goods inventory using absorption costing. Determine the cost of goods sold using absorption costing. Complete this question by entering your answers in the tabs below. Compute the product cost per unit using absorption costing. \begin{tabular}{|l|l|} \hline Cost per unit of finished goods using: & Absorption costing \\ \hline Product cost per unit \\ \hline Number of units in finished goods \\ \hline Cost of ending finished goods inventory & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Cost per unit of goods sold using: & Absorption costing \\ \hline Product cost per unit & \\ \hline Number of units sold & \\ \hline Cost of sold goods & \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. 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. Compute the product cost per unit using variable costing. Determine the cost of ending finished goods inventory using variable costing. Determine the cost of goods sold using variable costing. Sims Company began operations on January 1. Its cost and sales information for this year follow. 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing. Prepare an income statement for the year using absorption costing. Kenzi, a manufacturer of kayaks, began operations this year. During this year, the company produced 1,050kayaks and sold 800 at price of $1,050 each. At year-end, the company reported the following income statement information using absorption costing. Additional Information a. Product cost per kayak under absorption costing totals $475, which consists of $375 in direct materials, direct labor, and variable overhead costs and $100 in foxed overhead cost. Fixed overhead of $100 per unit is based on $105,000 of fixed overhead per year divided by 1.050 kayaks produced. b. The $220,000 in selling and administrative expenses consists of $95,000 that is variable and $125,000 that is fixed. Prepare an income statement for the current year under variable costing