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Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing.
Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) $ $ 9.00 per unit 10.00 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 $ 5.00 per unit $ 250,000 per year 34,400 units 26,000 units 8,400 units 1. Compute the product cost per unit using variable costing. Variable costing 9.00 10.00 Cost per unit of finished goods using: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Cost per unit of finished goods 19.00 2. Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Number of units in sold goods Total cost of sold goods
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