Trio Company reports the following information for the current year, which is it

Question

Trio Company reports the following information for the current year, which is its first year of operations Direct materials Direct labor Dverhead costs For the year 14 per unit 16 per unit points Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished poods inventory in units s 75,880 per year s 158,80e per year 25,8ee units 19,880 units 6,880 units eBook Hint Ask pute the product cost per unit using a Cost per unit of inished goods using:ilAbsorption costing Cost per init of finished goods te?nine thecost of ending ishedgoodsi using on costing Cost per unit of fninished goods using Absorption costing Number of uits in trished goods Total cost of finsthed gocc nven the cost of poods sold ising e unit of goods soi Ahon ctig

Explanation / Answer

Calculate following :

Cost per unit of finished goods using Absorption costing Direct material 14 Direct labour 16 Variable manufacturing overhead 3 Fixed manufacturing overhead 6 Cost per unit of finished goods 39 Determine the cost of ending finished goods inventory using absorption costing Number of units in finished goods 6000 Total cost of finished goods inventory 234000 Determine the cost of goods sold using absorption costing Cost of goods sold (39*19000) 741000

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