Required information 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. $ 14 per unit $ 18 per unit $8 per unit $ 250,500 per year 25,050 units 19,000 units 6,050 units Direct materials. Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory Exercise 19-1 (Algo) Computing unit and inventory costs under absorption costing LO F 1. Compute the product cost per unit using absorption costing. 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Product cost per unit Number of units in finished goods Cost of ending finished goods inventory < Required 1 Required 3 >
Required information 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. $ 14 per unit $ 18 per unit $8 per unit $ 250,500 per year 25,050 units 19,000 units 6,050 units Direct materials. Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory Exercise 19-1 (Algo) Computing unit and inventory costs under absorption costing LO F 1. Compute the product cost per unit using absorption costing. 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Absorption costing Product cost per unit Number of units in finished goods Cost of ending finished goods inventory < Required 1 Required 3 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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