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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

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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 $ 13 per unit $ 17 per unit $ 4 per unit $ 326,400 per year 20,400 units 17,000 units 3,400 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 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 S Total product cost per unit 0 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. Variable costing Cost per unit of goods sold using: Total product cost per unit Number of units sold Cost of sold goods

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