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Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead $ 15 per unit
Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead $ 15 per unit $ 19 per unit $ 6 per unit $ 369,000 per year Units produced Units sold Ending finished goods inventory 20,500 units 16,000 units 4,500 units Exercise 19-2 (Algo) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. 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 Total product cost per unit Required 1 0 per unit Required 2 > 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 variable costing. Cost per unit of finished goods using: Total product cost per unit Variable costing Number of units in finished goods Cost of ending finished goods inventory < Required 1 Required 3 > Required 1 Required 2 Required 3 Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Total product cost per unit Number of units sold Cost of sold goods Variable costing < Required 2 Required 3 >
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