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Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead $ 15 per unit $ 16 per
Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead $ 15 per unit $ 16 per unit $ 4 per unit Fixed overhead Units produced Units sold Ending finished goods inventory $ 160,000 per year 20,000 units 14,000 units 6,000 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. 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: Cost per unit of finished goods Absorption costing 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 Cost per unit of finished goods Number of units in finished goods Cost of ending finished goods inventory < Required 1 Required 3 > 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: Cost per unit of finished goods Number of units sold Cost of sold goods Absorption costing < Required 2 Required 3
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