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Exercise 19-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following information for the current year, which is its
Exercise 19-1 Computing unit and inventory costs under absorption costing LO P1
Trio Company reports the following information for the current year, which is its first year of operations.
Direct materials | $ | 14 | per unit |
Direct labor | $ | 20 | per unit |
Overhead costs for the year | |||
Variable overhead | $ | 80,000 | per year |
Fixed overhead | $ | 160,000 | per year |
Units produced this year | 20,000 | units | |
Units sold this year | 14,000 | units | |
Ending finished goods inventory in units | 6,000 | units | |
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