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Required information Use the following information for the Exercise below. (Algo) Skip to...

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Accounting

Required information
Use the following information for the Exercise below. (Algo)
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[The following information applies to the questions displayed below.]
Trio Company reports the following information for its first year of operations.
Direct materials $ 18 per unit
Direct labor $ 19 per unit
Variable overhead $ 7 per unit
Fixed overhead $ 221,650 per year
Units produced 20,150 units
Units sold 15,500 units
Ending finished goods inventory 4,650 units
Exercise 6-1(Algo) Computing unit and inventory costs under absorption costing LO P1
Compute the product cost per unit using absorption costing.
Determine the cost of ending finished goods inventory using absorption costing.
Determine the cost of goods sold using absorption costing.

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