Trio Company reports the following information for the current year, which is its first year of operations.

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	$	6.50	per unit
Direct labor	$	7.50	per unit
Overhead costs for the year
Variable overhead	$	94,750	per year
Fixed overhead	$	200,000	per year
Units produced this year		37,900	units
Units sold this year		28,500	units
Ending finished goods inventory in units		9,400	units

Explanation

1.
Variable overhead ($94,750/37,900 units) = $2.50 per unit

2.
Cost of ending finished goods inventory using variable costing:
9,400 units × $16.50 per unit = $155,100

3.
Cost of goods sold inventory using variable costing:
28,500 units × $16.50 per unit = $470,250

Thanks