Inventory Valuation under Absprption Costing and Vartiable Costing At the end of the first year of operations, 5,700 units remained in the finished goods inventory. The unit manufacturing costs during the year were its follows: This informatian has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question be Open spreadstieet Determine the cost of the finished goods inventory reported on the balance sheet under (o) the absorptson costing concept and (b) the variable costing concept. Absorption costing Variable costing 1