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Trio Company reports the following information for the current year, which is its first year of operations. (Round intermediate calculations and final answers to two decimal places.)
Direct materials $14.50 per unit
Direct labor $15.50 per unit
Overhead costs for the year
- Variable overhead $280,350 per year
- Fixed overhead $360,000 per year
Units produced this year 26,700 units
Units sold this year 20,500 units
Ending finished goods inventory in units 6,200 units
a) Compute the cost per unit using variable costing.
b) Determine the cost of ending finished goods inventory using variable costing.
c) Determine the cost of goods sold using variable costing.
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