Question: Exercise 19-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following information for the current year, which is its
Exercise 19-1 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. $ $ 13 per unit 19 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Pixed overhead Unita produced this year Units sold this year Ending finished goodo inventory in units $ 3 per unit $ 135,000 per year 22,500 units 16,500 units 6,000 units 1. Compute the product cost per unit using absorption costing. Cost per unit of finished goods using: Absorption costing Cost per unit of finished goods 2. Determine the cost of onding finished goods Inventory using absorption costing Cost per unit of finished goods using Absorption costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using absorption costing Cost per unit of goods sold using Absorption conting Number of units in sold goods Total cost of sold goodo
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