Reference no: EM133152347

Question - Trio Company reports the following information for its first year of operations.

Direct materials $11 per unit

Direct labor $15 per unit

Variable overhead $5 per unit

Fixed overhead $284,200 per year

Units produced 20,300 units

Units sold 17,000 units

Ending finished goods inventory 3,300 units

Required -

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.