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Trio Company reports the following information for its first year of operations. $ 18 per unit $ 19 per unit $7 per unit Direct materials Direct labor Variable overhead. Fixed overhead Units produced Units sold Ending finished goods inventory $ 221,650 per year. 20, 150 units 15,500 units 4,650 units. 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. Product cost per unit 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

Trio Company reports the following information for its first year of operations. $ 18 per unit $ 19 per unit $7 per unit Direct materials Direct labor Variable overhead. Fixed overhead Units produced Units sold Ending finished goods inventory $ 221,650 per year. 20, 150 units 15,500 units 4,650 units. 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. Product cost per unit 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

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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Trio Company reports the following information for its first year of operations. $ 18 per unit $ 19 per unit $7 per unit Direct materials Direct labor Variable overhead. Fixed overhead Units produced Units sold Ending finished goods inventory $ 221,650 per year. 20, 150 units 15,500 units 4,650 units. 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 Product cost per unit
Transcribed Image Text:Trio Company reports the following information for its first year of operations. $ 18 per unit $ 19 per unit $7 per unit Direct materials Direct labor Variable overhead. Fixed overhead Units produced Units sold Ending finished goods inventory $ 221,650 per year. 20, 150 units 15,500 units 4,650 units. 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 Product cost per unit
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