Inveritory Valuation under Absorpoon and Vartable Costing Overton Company produced so,00 units lest year. The company sole 79,000 unts and there was sold 79,000 unts and mere mis no begning-tary, The eomen dose-ai Direct materuh Direct labor 661,560 115,440 97,680 253,968 Pxed overheed equired! 1. Caleulate the cr onurt of product under absorption costing Round your nterv,rauators and thal ower tothe nearest cent X per 2 Calculate the cost of one unit of proouct under variable oosting Round your inberire caloulations and nel aner to the mearest ce 3. Cakulate the ofending menny under absorption costing 4Calculate the eost of ending inventory under variabile costing