Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 99,300 units during its first year of operations and sold 97,500 at $21.65 per unit. The company chose practical activity-at 99,300 units-to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials i Direct labor 1621,618 96,321 Expected and actual variable overhead 300,319 Expected and actual fixed overhead Required: 507,423 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? 1 Why