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Im entory Valuetion under Absorption Costing and Variable Costing At the end of the first year of operations, the number of units and the unit manufacturing conts were as follows: REQUIRED: Determine the cont of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Using formulas and cell references trom the problem data, perform the required analysis. Formulas entered in the green colis show in the orange colls. Transter amounts to CNOWv2 for orading