Unit Costs, Inventory Valuation, Variable and Absorption Costing operations and sold 88,250 at $22.37 per unit. The company chose practical activity-at 91,700 units,to compute its predetermined overhead rate. Snyder Company produced 91,700 units during its first year Manufacturing costs are as follows: Direct materials $571,291 Direct labor 67,858 Expected and actual variable overhead 404,397 Expected and actual fixed overhead 505,267 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 f 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? Because absorption costing required for external reporting