Cost of Goods Manufactured, using Variable Costing and Absorption Costing On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 5,900 units and sold 5,100 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, 2011 Sales $2,346,000 Variable cost of goods sold Variable cost of goods manufactured $1,303,900 Elnventory, December 31 (176,800) Total variable cost of goods sold 1,127,100 Manufacturing margin $1,218,900 Total variable selling and administrative expenses 280,500 Contribution margin $938,400 Fixed costs Fixed manufacturing costs $595,900 188,700 Fixed selling and administrative expenses 784,600 Total fixed costs Income from operations $153,800 Previous Check My Work Email Instructor Save and Et Submit Assignment for Grading Fixed selling and administrative expenses 188,700 Total fixed costs 784,600 Income from operations $153,800 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing Check My Work Email Instructor Save and Exit Sub a X