Unit Costs, Inventory Valuation, Variable and Absorption Costing Manufacturing costs are as follows: Required: If required, round unit cost answers to the nearest cent. 1. Calculate the unit cost and the cost of finished goods inventory under absorption costing. 2. Calculate the unit cost and the cost of finished goods inventory under variable costing. 2. Calculate the unit cost and the cost of finished goods inventory under variable costing. Unit Cost $ Cost of finished goods inventory $ 3. What is the dollar amount that would be used to report the cost of finished goods inventory to external parties? $ Why