Do not give answer in image Required information[The following information applies to the questions displayed below.]Trio Company reports the following information for its first year of operations.Direct materialsDirect laborVariable overheadFixed overheadUnits producedUnits soldEnding finished goods inventory$15 per unit$ 16 per unit$4 per unit$ 160,000 per year20,000 units14,000 units6,000 units1. 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.

ABSORPTION COSTINGAbsorption Costing is a Cost managerialAccounting method in which All Cost related…

Required information [The following information applies to the questions displayed below] Trio Company reports the following information for its first year of operations. $15 per unit $16 per unit $4 per unit $ 160,000 per year 20,000 units 14,000 units 6,000 units Direet materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory 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.