nventory valuation under absorption costing and variable costing the end of the first year of operations, 19,200 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the quertion beiow Open spreadsheet Determine the cost of the finished goods inwentory reported on the balance sheet under (a) the absorption costing cancept and (b) the variable costing concept. a. Cost of the finished goods itventory under the absorption costing: b. Cost of the finished goods inventory under the variable costing