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Trio Company reports the following information for its first year of operations. Direct materials $ 14 per unit Direct labor $ 18 per unit Variable
Trio Company reports the following information for its first year of operations. Direct materials $ 14 per unit Direct labor $ 18 per unit Variable overhead $ 8 per unit Fixed overhead $ 250,500 per year Units produced 25,050 units Units sold 19,000 units Ending finished goods inventory 6,050 units Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. Compute the product cost per unit using variable costing. Determine the cost of ending finished goods inventory using variable costing. Determine the cost of goods sold using variable costing
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