Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 6,800 units remained in the finished poods inventory. The unit manufacturing costs during the year were as follows: Determine the cost of the finished poods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Absorption costing 1 Varlable couting 1