Unit Costs, Inventory Valuation, Variable and Absorption Costing

Required:

If required, round unit cost answers to the nearest cent.

Calculate the unit cost and the cost of finished goods inventory under absorption costing.

Unit Cost $

Cost of finished goods inventory $$

Calculate the unit cost and the cost of finished goods inventory under variable costing.

Unit Cost $

Cost of finished goods inventory $

What is the dollar amount that would be used to report the cost of finished goods inventory to external parties?

&

Why?