Reference no: EM133137258

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

Assume instead that Trio Company uses variable costing.

Required -

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.