Use the following information for the Exercise below. (Algo) [The following information applies...
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Accounting
Use the following information for the Exercise below. (Algo)
[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
Exercise 6-2 (Algo) Computing unit and inventory costs under variable costing LO P1
Assume instead that Trio Company uses variable costing.
Compute the product cost per unit using variable costing.
Determine the cost of ending finished goods inventory using variable costing.
Determine the cost of goods sold using variable costing.
Determine the cost of goods sold 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. Compute the product cost per unit using variable costing
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