Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 91,600 units during its first year of operations and sold 87,350 at $21.72 per unit. The company chose practical activity-at 91,600 units,to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials $517,540 Direct labor 85,188 Expected and actual variable overhead 342,584 Expected and actual fixed overhead 503,800 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. $ Unit Cost Cost of finished goods $ inventory 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