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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
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 $ 16 per unit $ 17 per unit $ 5 per unit $ 180, 450 per year 20,050 units 14,500 units 5,550 units 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 per unit Total product cost per unit 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 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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