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Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 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 2

Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 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 2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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! 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. $15 per unit $19 per unit $6 per unit Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $369,000 per year 20,500 units 16,000 units 4,500 units
Transcribed Image Text:! 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. $15 per unit $19 per unit $6 per unit Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $369,000 per year 20,500 units 16,000 units 4,500 units
Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 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 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Product cost per unit Required 3. Required 1 Complete this question by entering your answers in the tabs below. Required 2 Required 3 Absorption costing 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 | Complete this question by entering your answers in the tabs belov Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Product cost per unit Number of units sold Cost of sold goods Absorption costing
Transcribed Image Text:Exercise 6-1 (Algo) Computing unit and inventory costs under absorption costing LO P1 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 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Product cost per unit Required 3. Required 1 Complete this question by entering your answers in the tabs below. Required 2 Required 3 Absorption costing 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 | Complete this question by entering your answers in the tabs belov Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Cost per unit of goods sold using: Product cost per unit Number of units sold Cost of sold goods Absorption costing
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