Cost of Goods Manufactured, using Variable and Absorption Costing

On June 30, the end of the first year of operations, Johnson Industries, Inc., manufactured 5,500 units and sold 4,700 units. The following income statement was prepared, based on the variable costing concept:

Johnson Industries, Inc. Variable Costing Income Statement For the Year Ended June 30, 2016
Sales			$1,645,000
Variable cost of goods sold:
Variable cost of goods manufactured	$924,000
Less inventory, June 30	134,400
Variable cost of goods sold			789,600
Manufacturing margin			$855,400
Variable selling and administrative expenses			197,400
Contribution margin			$658,000
Fixed costs:
Fixed manufacturing costs	$423,500
Fixed selling and administrative expenses	131,600		555,100
Income from operations			$102,900

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

Variable costing	$
Absorption costing	$