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Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 11 per unit Direct labor
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 11 per unit Direct labor $ 18 per unit Overhead costs for the year Variable overhead $ 3 per unit Fixed overhead $ 135,000 per year Units produced this year 22,500 units Units sold this year 16,500 units Ending finished goods inventory in units 6,000 units
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials 11 per unit 18 per unit $ Direct labor Overhead costs for the year $ 135,000 per year Variable overhead 3 per unit Fixed overhead Units produced this year Units sold this year 22,500 units 16,500 units 6,000 units Ending finished goods inventory in units 1. Compute the product cost per unit using absorption costing. Absorption costing Cost per unit of finished goods using: Direct materials per unit Direct labor per unit Variable overhead per unit $ 11.00 18.00 Fixed overhead per unit $ 135,000.00 Cost per unit of finished goods $ 135,029.00 2. Determine the cost of ending finis hed goods inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Absorption costing tA tA +AStep by Step Solution
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