Cost of Goods Manufactured, using Variable Costing and Absorption Costing On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 5,400 units and sold 4,600 units. The following income statement was prepared, based on the variable costing concept: Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 20Y1 Sales $1,012,000 Variable cost of goods sold: Variable cost of goods manufactured $572,400 Inventory, December 31 (84,800) Total variable cost of goods sold 487,600 Manufacturing margin $524,400 Total variable selling and administrative expenses 119,600 Contribution margin $404,800 Fixed costs: Fixed manufacturing costs $259,200 Fixed selling and administrative expenses 82,800 Total fixed costs 342,000 Income from operations $62,800 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $fill in the blank 1 Absorption costing $fill in the blank 2