Exercise 06-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following
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Exercise 06-1 Computing unit and inventory costs under absorption costing LO P1
Trio Company reports the following information for the current year, which is its first year of operations.
Direct materials | $ | 11 | per unit |
Direct labor | $ | 16 | per unit |
Overhead costs for the year | |||
Variable overhead | $ | 3 | per unit |
Fixed overhead | $ | 135,000 | per year |
Units produced this year | 22,500 | units | |
Units sold this year | 16,500 | units | |
Ending finished goods inventory in units | 6,000 | units | |
Related Book For
Financial and Managerial Accounting Information for Decisions
ISBN: 978-0078025761
6th edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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