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[The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 12 per unit $ 16 per unit $ 6 per unit $ 192,400 per year 24,050 units 20,000 units 4,050 units Exercise 19-1 (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 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing Direct materials $ 12 Direct labor 16 Variable overhead 6 Fixed overhead Product cost per unit $ Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Absorption costing 4,050 0

[The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 12 per unit $ 16 per unit $ 6 per unit $ 192,400 per year 24,050 units 20,000 units 4,050 units Exercise 19-1 (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 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing Direct materials $ 12 Direct labor 16 Variable overhead 6 Fixed overhead Product cost per unit $ Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Absorption costing 4,050 0

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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[The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 12 per unit $ 16 per unit $ 6 per unit $ 192,400 per year 24,050 units 20,000 units 4,050 units Exercise 19-1 (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 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing Direct materials $ 12 Direct labor 16 Variable overhead 6 Fixed overhead Product cost per unit $
Transcribed Image Text:[The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 12 per unit $ 16 per unit $ 6 per unit $ 192,400 per year 24,050 units 20,000 units 4,050 units Exercise 19-1 (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 3 Compute the product cost per unit using absorption costing. Product cost per unit of finished goods using: Absorption costing Direct materials $ 12 Direct labor 16 Variable overhead 6 Fixed overhead Product cost per unit $
Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Absorption costing 4,050 0
Transcribed Image Text:Determine the cost of ending finished goods inventory using absorption costing. Cost per unit of finished goods using: Product cost per unit Number of units in finished goods Cost of ending finished goods inventory Absorption costing 4,050 0
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