Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 86,300 units during its...
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Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 86,300 units during its first year of operations and sold 84,300 at $22.31 per unit. The company chose practical activity-at 86,300 units-to compute its predetermined overhead rate. 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. 3. What is the dollar amount that would be used to report the cost of finished goods inventory to external parties? $ Why
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