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Accounting

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[The following information applies to the questions displayed below.]
Trio Company reports the following information for its first year of operations.
Direct materials $ 16 per unit
Direct labor $ 20 per unit
Variable overhead $ 7 per unit
Fixed overhead $ 390,450 per year
Units produced 20,550 units
Units sold 15,500 units
Ending finished goods inventory 5,050 units
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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