ezto.mheducation.com/hm.tpx Trio Company reports the following information for t

Question

ezto.mheducation.com/hm.tpx Trio Company reports the following information for the current year, which is its first year of operations Direct materials Direct labor Overhead costs for the year 15 per unit 16 per unit Variable overhead Fixed overhead Units produced this year s 80,000 per year $ 160,000 per year 20,000 units 14,000 units 6,000 units Units sold this year Ending frished goods imventory in units ompute the cost per unit using absorption costing Cost per unit of finished goods using: Absorption costing Cost per unit of finished goods Determine the cost of ending finished goods inventory using absorption costing Cost per unit of finished goods using:Absorption costing Number of units in finished goods Total cost of finished goods inventory mine the cost of goods sold using absorption costing Absorption costing Cost per unit of goods sold using Number af units in sold goods Total cost of sold goods O Type here to search

Explanation / Answer

COMPUTE FOLLOWING :

Compute the cost per unit using absorption costing Cost per unit of finished goods using Absorption costing Direct material 15 Direct labour 16 Variable manufacturing overhead (80000/20000) 4 Fixed manufacturing overhead (160000/20000) 8 Cost per unit of finished goods 43 Determine the cost of ending finished goods inventory under absorption costing Cost per unit of finished goods using absorption costing 43 Number of units in finished goods inventory 6000 Total cost of finished goods inventory 258000 Determine the cost of goods sold using absorption costing Cost per unit of goods sold using absorption costing 43 No of units in sold goods 14000 Total cost of goods sold 602000

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