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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.
tableDirect materials,$ per unitDirect labor,$ per unitVariable overhead,$ per unitFixed overhead,$ per yearUnits produced, unitsUnits sold, unitsEnding finished goods inventory, units
Assume instead that Trio Company uses variable costing.
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.
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