Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 81,100 units during its first year of operations and sold 79,250 at $20.15 per unit. The company chose practical activity-at 81,100 units-to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials Direct labor $480,112 70,557 Expected and actual variable overhead 304,125 Expected and actual fixed overbead 403,067 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 4. 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?