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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 operations. Direct
! 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 Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 11 per unit $ 15 per unit $ 5 per unit $ 284,200 per year 20,300 units 17,000 units 3,300 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. Required 1 Required 2 Required 3 Compute the product cost per unit using variable costing. Product cost per unit of finished goods using: Variable costing per unit Total product cost per unit Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costing. Variable costing Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of ending finished goods inventory Required 1 Required 2 Required 3 Determine the cost of goods sold using variable costing. Variable costing Cost per unit of goods sold using: Total product cost per unit Number of units sold Cost of sold goods
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