On June 30, the end of the first year of operations, Reinemund Equipment Company manufactured 2,200 units and sold 1,900 units. The following income statement was prepared, based on the variable costing concept:

Determine the unit cost of goods manufactured, based on
(a) The variable costing concept and
(b) The absorption costing concept.

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Reinemund Equipment Company Variable Costing Income Statement For the Year Ended June 30, 2011 Sales Variable cost of goods sold: $45,600,000 Variable cost of goods manufactured $25,344,000 3,456,000 Less inventory, July 31 Variable cost of goods sold Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: 21,888,000 S23,712,000 5,472,000 S18,240,000 Fixed manufacturing costs Fixed selling and administrative expenses. - .. $11,616,000 3,648,000 15,264,000 S 2,976,000 Income from operations s'a······.. .: .. .. . .