Trio Company reports the following information for its first year of operations. Direct materials $ 19 per unit Direct labor $ 20 per unit Variable overhead $ 8 per unit Fixed overhead $ 242,400 per year Units produced 20,200 units Units sold 16,000 units Ending finished goods inventory 4,200 units 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.
Trio Company reports the following information for its first year of operations. Direct materials $ 19 per unit Direct labor $ 20 per unit Variable overhead $ 8 per unit Fixed overhead $ 242,400 per year Units produced 20,200 units Units sold 16,000 units Ending finished goods inventory 4,200 units 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.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 32BEB: Brief Exercise 3-32 Absorption-Costing Income Statement Refer to the data for Beyta Company above....
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Trio Company reports the following information for its first year of operations.
| Direct materials | $ 19 | per unit |
|---|---|---|
| Direct labor | $ 20 | per unit |
| Variable |
$ 8 | per unit |
| Fixed overhead | $ 242,400 | per year |
| Units produced | 20,200 | units |
| Units sold | 16,000 | units |
| Ending finished goods inventory | 4,200 | units |
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.
Transcribed Image Text: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:
Product cost per unit
Absorption costing
$
Required 1
0
Required 2
>
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