Trio Company reports the following information for its first year of operations. Direct materials Direct labor...

 

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Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead $ 15 per unit $ 16 per unit $ 4 per unit Fixed overhead Units produced Units sold Ending finished goods inventory $ 160,000 per year 20,000 units 14,000 units 6,000 units 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. Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of ending finished goods inventory Variable costing Trio Company reports the following information for its first year of operations. Direct materials Direct labor Variable overhead $ 15 per unit $ 16 per unit $ 4 per unit Fixed overhead Units produced Units sold Ending finished goods inventory $ 160,000 per year 20,000 units 14,000 units 6,000 units 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. Required 1 Required 2 Required 3 Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Total product cost per unit Number of units in finished goods Cost of ending finished goods inventory Variable costing