tinventory Valustion under Absorptioa Costing and Variable Costing At the end of the first year of operations, 18,000 units remained in the finished goods imventory. The enut manulocturing costs buring the vear were as follows: Determine the cost of the finished goods inventory reported on the baiance sheet under (a) the absoription costing concegt and (b) the variable costing concegt. Absorption casting 4 Variable costing