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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 materials
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 $ 12 per unit $ 17 per unit $ 9 per unit 198,450 per year 22,050 units 19,000 units 3,050 units 1. Compute the product cost per unit using absorption costing. 2. Determine the cost of ending finished goods inventory using absorption costing. B. Determine the cost of goods sold using absorption costing. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Product cost per unit Absorption costing 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 Cost of ending finished goods inventory Required 1 Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Product cost per unit Number of units sold Cost of sold goods Absorption costing
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