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Business, 06.06.2020 18:57 codysaucier2823

Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $15 per unit Direct labor $16 per unit Variable overhead $4 per unit Fixed overhead $160,000 per year Units produced this year 20,000 units Units sold this year 14,000 units Ending finished goods inventory in units 6,000 units1. Compute the product cost per unit using absorption costing. Check (1) Absorption cost per unit, $43 2. Determine the cost of ending finished goods inventory using absorption costing. 3. Determine the cost of goods sold using absorption costing.

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