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Required Information

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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

$$15$ per unit

$$16$ per unit

$$4$ per unit

$$160,000$ per year

$20,000$ units

$14,000$ units

$6,000$ units

Compute the product cost per unit using absorption costing.

Determine the cost of ending finlshed goods inventory using absorption costing.

Determine the cost of goods sold using absorption costing.

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Required $1$

Required $2$

Required $3$

Compute the product cost per unit using absorption costing.

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