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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 $ 13 per unit $ 19 per unit $ 4 per unit $ 253,550 per year 23,050 units 18,000 units 5,050 units 1. Compute the product cost per unit using absorption costing T 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing. Required 1 Required 2 Required 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Direct materials Direct labor Variable overhead Fixed overhead Absorption costing $ 13 19 4 Product cost per unit $ 36 Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Absorption costing $ 36 5,050 181,800 Required 1 Required 2 Required 3 8 points 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 $ 36 18,000 $ 648,000
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