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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

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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 Ending finished goods inventory $ 18 per unit $ 19 per unit $. 7 per unit $ 221,650 per year 20,150 units 15,500 units 4,650 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 Product cost per unit of finished goods using: Absorption costing Product cost per unit 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 Cost per unit of goods sold using: Product cost per unit Number of units sold Cost of sold goods

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