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

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. Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units: $ 13 per unit $ 18 per unit $ 4 per unit 20,000 units $160,000 per year 14,000 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
