Trio Company reports the following information for the current year, which is its first year of operations. 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 11 per unit 19 per unit $ 3 per unit $ 120,000 per year 20,000 units 14,000 units 6,000 units $ X Answer is not complete. 1. Compute the product cost per unit using absorption costing. Absorption Cost per unit of finished goods using: costing Direct materials per unit 11.00 Direct labor per unit 19.00 Variable overhead per unit Fixed overhead per unit 6.00 $ 6.00 X Cost per unit of finished goods $ 42.00 2. Determine the cost of ending finished goods inventory using absorption costing. Absorption Cost per unit of finished goods using: costing Number of units in finished goods 6,000 Total cost of finished goods inventory $ 252,000 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 14,000 Total cost of sold goods $ 588,000