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Use the following information for the Exercise below. (Algo) Skip to question [The following information applies to the questions displayed below.] Trio Company reports the

Use the following information for the Exercise below. (Algo)

Skip to question

[The following information applies to the questions displayed below.]

Trio Company reports the following information for its first year of operations.

Direct materials $ 14 per unit
Direct labor $ 18 per unit
Variable overhead $ 5 per unit
Fixed overhead $ 347,650 per year
Units produced 20,450 units
Units sold 17,500 units
Ending finished goods inventory 2,950 units

Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1

Assume instead that Trio Company uses variable costing.

  1. Compute the product cost per unit using variable costing.
  2. Determine the cost of ending finished goods inventory using variable costing.
  3. Determine the cost of goods sold using variable costing.
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image text in transcribedimage text in transcribed Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing. Complete this question by entering your answers in the tabs below. Compute the product cost per unit using variable costing. Complete this question by entering your answers in the tabs below. Determine the cost of ending finished goods inventory using variable costing. Complete this question by entering your answers in the tabs below. Determine the cost of goods sold using variable costing

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