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Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 87,400 units during its first year of operations and sold 83,900 at $21.28 per unit. The company chose practical activity-at 87,400 units-to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials $493,810 Direct labor) 89,148 Expected and actual variable overhead 398,544 Expected and actual fixed overhead 456,228 Required: If required, round unit cost answers to the nearest cent. 1. Calculate the unit cost and the cost of finished goods inventory under absorption costing. Unit Cost Cost of finished goods inventory 2. Calculate the unit cost and the cost of finished goods inventory under variable costing. Unit Cost Cost of finished goods inventory. 3. What is the dollar amount that would be used to report the cost of finished goods inventory to external parties? Why