! Required information Use the following information for the Exercise below. (Algo) [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 $ 16 per unit $ 20 per unit $ 7 per unit $ 390,450 per year 20,550 units 15,500 units Ending finished goods inventory 5,050 units Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 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