Question: Help Please Required information Use the following information for the Exercise below. (Algo) [The following information applies to the questions displayed below.] Trio Company reports
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Required information Use the following information for the Exercise below. (Algo) [The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Exercise 19-2 (Algo) Computing unit and inventory costs under variable costing LO P1 Assume instead that Trio Company uses variable costing. 1. Compute the product cost per unit using variable costing. 2. Determine the cost of ending finished goods inventory using variable costing. 3. Determine the cost of goods sold using variable costing. Complete this question by entering your answers in the tabs below. CAmnita tho nmadturt miet nor tunit weinn variahilo onetina Problem 19-1A (Algo) Variable costing income statement for two consecutive years LO P2 Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Additional lnformation a. Sales and production data for these first two years follow. b. Variable costs per unit and fixed costs per year are unchanged during these years. The company's $49 per unit product cost using absorption costing consists of the following. c. Selling and administrative expenses consist of the following. c. Selling and administrative expenses consist of the following. Required: Prepare income statements for each of these two years under variable costing. (Loss amounts should be entered with a minus sign.)
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