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Need help fixing box in red Required information Use the following information for the Exercise below. (Static) [The following information applies to the questions displayed
Need help fixing box in red
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 14,800 units 6,000 units 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Direct materials Variable costing 15 per unit Direct labor 16 per unit Variable overhead 4 per unit Fixed overhead 11.42 x per unit 46 $ Total product cost per unit per unit Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costir Variable costing 46 X $ Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of finished goods inventory 6,000 $ 276,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Total product cost per unit Number of units sold Variable costing 46 X $ 14.000 Cost of sold goods $ 644,000
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