Question
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials Direct labor Cverhead costs for the
Trio Company reports the following information for the current year, which is its first year of operations.
Direct materials Direct labor Cverhead costs for the year Variable overhead Fixed overhead Units produced this year 20,000 Units sold this year 14,000 finished goods inventory in units $120, ooo 6, ooo per unit per unit 3 per unit per year uni t s uni t s uni t s pue epr u per um using a r Ion per unit of finished goods using: Cost per unit of finished goods . Determine the cost of en bsor tion costin . per unit of finished goods using: Absorption costing Absorption costing Number of units in finished goods Total cost of finished goods inventory . Determine the cost of goods so per unit of goods sold using: Number of units in sold goods Total cost of sold goods using a rptlon costmg. Absorption costing
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