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Trio Company reports the following information for the current year, which is its first year of operations. Trio Company reports the following information for the
Trio Company reports the following information for the current year, which is its first year of operations.
Trio Company reports the following information for the current year, which is its first year of operations. $ $ 13 per unit 15 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 3 per unit $ 135,000 per year 22,500 units 16,500 units 6,000 units Answer is not complete. 1. Compute the product cost per unit using absorption costing. Cost per unit of finished goods using: Absorption costing Direct materials per unit 13.00 Direct labor per unit 15.00 Variable overhead per unit 3.00 Fixed overhead per unit 6.00 OS Cost per unit of finished goods 37.00 Cost per unit of finished goods $ 37.00 2. Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Number of units in finished goods 6,000 Total cost of finished goods inventory $ 222.000 3. Determine the cost of goods sold using absorption costing Absorption Cost per unit of goods sold using: costing Number of units in sold goods Total cost of sold goods NG
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