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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
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 $ 17 per unit Direct labor $ 21 per unit Variable overhead $ 8 per unit Fixed overhead $ 172,400 per year Units produced 21,550 units Units sold 16,500 units Ending finished goods inventory 5,050 units 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 Required 1 Required 2 > Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costing. Variable costing Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of finished goods inventory Required 1 Required 2 Required 3 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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