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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.) FixedoverheadUnitsproducedthisyearUnitssoldthisyearEndingfinishedgoodsinventoryinunits$210,000peryear37,200units28,000units9,200units 1. Compute the product cost per unit using variable costing. \begin{tabular}{|l|l|l|} \hline Cost per unit of finished goods using: & Variable costing \\ \hline & \\ \hline & \\ \hline Cost per unit of finished goods & \\ \hline 2. Determine the cost of ending finished goods inventory using variable costing. \\ \hline Cost per unit of finished goods using: & Variable costing \\ \hline Number of units in finished goods & \\ \hline Total cost of finished goods inventory & \\ \hline 3. Determine the cost of goods sold using variable costing. \\ \hline Cost per unit of goods sold using: & Variable costing \\ \hline Number of units in sold goods & \\ \hline Total cost of sold goods & \\ \hline \end{tabular}
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