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please help me compute the product cost per unit in both required #2 and #3, i thought it was $47 but that was wrong Use
please help me compute the product cost per unit in both required #2 and #3, i thought it was $47 but that was wrong
Use the following information for the Exercise below. (Algo) [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 $ 19 per unit $ 20 per unit $ 8 per unit $ 242, 400 per year 20,200 units 16,000 units 4,200 units Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 1. Compute the product cost per unit using absorption costing. 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing. Required 1 Required 2 Required 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing 19 Direct materials 20 per unit per unit per Direct labor 8 Variable overhead unit $ 47 Product cost per unit per unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of ending finished goods Inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Product cost per unit Number of units in finished goods 4,200 Cost of finished goods inventory 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Absorption costing Cost per unit of goods sold using: Product cost per unit Number of units sold Cost of sold goods 16,000 0 $ Step by Step Solution
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