21. EX.21.04.ALGO Algorithmic) Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations, Barnard Inc., manufactured 3,200 units and sold 2,800 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 $560,000 Variable cost of goods sold Variable cost of goods manufactured $307,200 Inventory, March 31 (38,400) Total variable cost of goods sold (268,800) Manufacturing margin $291,200 Total variable selling and administrative expenses (67,200) Contribution margin $224,000 Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Total fixed costs (185,600) Operating income $38,400 Sales $140,800 44,800 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing