Required information Use the following information for the Exercise below. (Static) [The following information applies to the questions displayed below.] Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory $ 15 per unit 16 per unit $ 4 per unit $ 160,000 per year 20,000 units 14,000 units 6,000 units Exercise 6-1 (Static) Computing unit and inventory costs under absorption costing LO P1 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 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 per unit Direct labor Direct materials Fixed overhead Variable overhead Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using absorption costing. Absorption costing Cost per unit of finished goods using: Cost per unit of finished goods Number of units in finished goods Cost of finished goods inventory Required 1 Required 2 Required 3 Determine the cost of goods sold using absorption costing. Absorption costing Cost per unit of goods sold using: Cost per unit of finished goods Number of units sold Cost of sold goods