Q 8 4 Tue Ap CengageNOWv2 | Online teach x akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Print Item Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 4,100 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $41.70 Direct labor 20.70 Fixed factory overhead 4.90 Variable factory overhead 4.30 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. Absorption costing Variable costing Next Check My Work 3 more Check My Work uses remaining. Email Instructor Submit Assignment for Gr All work saved 56:09 20 APR attv Pro 4 MacBook Air DII DD A F9 F10 FM1 80 F6 F7 F8 F4 F5 F3 K & $ % 9 O V 8 5 6 4 P U O E R T Y H C K D F G