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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
Required information
The following information applies to the questions displayed below.
Trio Company reports the following information for its first year of operations.
Direct materials
$ per unit
Direct labor
$ per unit
Variable overhead
$ per unit
Fixed overhead
Units produced
$ per year
Units sold
units
Ending finished goods inventory
units
units
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.
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