Cost of Goods Manufactured, using Variable Costing and Absorption Costing

On October 31, the end of the first year of operations, Yankovich Inc. manufactured 3,100 units and sold 2,700 units. The following income statement was prepared, based on the variable costing concept:

Line Item Description	Amount	Amount
Sales		$1,377,000
Variable cost of goods sold:
Variable cost of goods manufactured	$759,500
Inventory, October 31	(98,000)
Total variable cost of goods sold		(661,500)
Manufacturing margin		$715,500
Total variable selling and administrative expenses		(164,700)
Contribution margin		$550,800
Fixed costs:
Fixed manufacturing costs	$347,200
Fixed selling and administrative expenses	110,700
Total fixed costs		(457,900)
Operating income		$92,900

Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. (a) Variable costing fill in the blank 1 of 2$ (b) Absorption costing fill in the blank 2 of 2$