Exercise 19-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports...
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Accounting
Exercise 19-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 10 per unit Direct labor $ 17 per unit Overhead costs for the year Variable overhead $ 100,000 per year Fixed overhead $ 200,000 per year Units produced this year 25,000 units Units sold this year 19,000 units Ending finished goods inventory in units 6,000 units
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