Slerra Company incurs the following costs to produce and sell its only product. During this year, 29,250 units were produced and 25,750 units were sold. The Finished Goods inventory account at the end of this year shows a balance of $73,500 for the 3,500 unsold units. Required: 1-a. Calculate this year's ending balance in Finished Good inventory two ways-using variable costing and using absorption costing. 1-b. Does it appear that the company is using variable costing or absorption costing to assign costs to the 3,500 units in its Finished Goods inventory? 2. Assume that the company wishes to prepare this year's financial statements for its stockholders. a. Is Finished Goods inventory of $73,500 the correct amount to include on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Complete this question by entering your answers in the tabs below. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing. (Round intermediate calculation to the nearest dollar amount.) quired: 3. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption sting. . Does it appear that the company is using variable costing or absorption costing to assign costs to the 3,500 units in its nished Goods inventory? Assume that the company wishes to prepare this year's financial statements for its stockholders. Is Finished Goods inventory of $73,500 the correct amount to include on the balance sheet for external reporting purposes What balance should be reported in the Finished Goods inventory account for external reporting purposes? Complete this question by entering your answers in the tabs below. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing. (Round intermediate calculation to the nearest dollar amount.) inventory? 2. Assume that the company wishes to prepare this year's financlal statements for its stockholders. a. Is Finished Goods inventory of $73,500 the correct amount to include on the balance sheet for external reporting p b. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Complete this question by entering your answers in the tabs below. Assume that the company wishes to prepare this year's financial statements for its stockholders. Is Finished Goods inventor of $73,500 the correct amount to include on the balance sheet for external reporting purposes? a. ISFinished Goods inventory of $73,500 the correct amount to include on the balance sheet for external reporting purposes b. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Complete this question by entering your answers in the tabs below. Assume that the company wishes to prepare this year's financial statements for its stockholders. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Finished goods inventory balance for extemal reporting purposes