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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 $ 12 per unit Direct labor $ 16 per unit Variable overhead $ 6 per unit Fixed overhead $ 192 , 400 per year Units produced 24, 050 units Units sold 20,000 units Ending finished goods inventory 4,050 units 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.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: Absorption costing Product cost per unit $ 0 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 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 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 Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Absorption costing Product cost per unit Number of units sold Cost of sold goods 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. Complete this question by entering your answers in the tabs below. 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 $ 0 Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Total product cost per unit Number of units in finished goods Cost of ending finished goods inventory Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Variable costing Total product cost per unit Number of units sold Cost of sold goods
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