Required information

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Trio Company reports the following information for its first year of operations.

Direct materials

Direct labor

$ $18$ per unit

Variable overhead

Fixed overhead

$$19$ per unit

$$7$ per unit

Units produced

Units sold

$$221,650$ per year

Ending finished goods inventory

$20,150$ units

$15,500$ units

$4,650$ 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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Compute the product cost per unit using absorption costing.

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