Absorption costing is a widely used accounting method for costing and reporting on the total production cost of goods or services within an organization. It involves allocating both variable and fixed manufacturing costs to the cost of products. With that in mind, consider the following scenario:

ABC Manufacturing Company produces electronic gadgets. In a given accounting period, the company manufactured and sold 10,000 units of their flagship gadget. The following data is available:

Direct materials cost per unit: $50

Direct labor cost per unit: $30

Variable manufacturing overhead cost per unit: $20

Fixed manufacturing overhead cost for the period: $50,000

Selling and administrative expenses (all fixed): $30,000

Selling price per gadget: $200

Using absorption costing, calculate the following:

A. The total manufacturing cost per unit of the electronic gadget. B. The total cost of goods manufactured during the accounting period. C. The ending inventory value of the manufactured gadgets. D. The cost of goods sold during the accounting period. E. The gross profit for the period. F. The net profit for the period.

Explain the key differences between absorption costing and variable costing, and discuss the potential impact on a company's financial statements and decision-making processes. Additionally, analyze the significance of fixed manufacturing overhead costs and its allocation in absorption costing, including the potential distortions it may create in cost analysis and pricing decisions."