Trio Company reports the following information for the current year, which is its first year...
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Trio Company reports the following information for the current year, which is its first year of operations. 10 per unit 15 per unit $ Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 3 per unit $ 120,000 per year 20,000 units 14,000 units 6,000 units 1. Compute the product cost per unit using absorption costing Cost per unit of finished goods Absorption using: costing Cost per unit of finished goods 2. Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods Absorption using: costing Number of units in finished goods Total cost of finished goxxds inventory 3. Determine the cost of goods sold using absorption costing Cost per unit of goods sold using: Absorption costing Number of units in sold goods Total cost of sold goods
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