Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations, Barnard Inc., manufactured 5,700 units and sold 4,900 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 2011 Sales $1.764,000 Variable cost of goods sold: Variable cost of goods manufactured 1986,100 Inventory, March 31 (138,400) Total variable cost of goods sold (847,700) Manufacturing margin $916,300 Total variable selling and administrative expenses (210,700) Contribution margin $705,600 Fixed costs Vixed manufacturing costs $450,300 Fixed selling and administrative expenses 142.100 Total foxed costs (592.400) Operating income $113,200 Determine the unit cost of ooods manufactured, based on the variable conting concept and (b) the absorption costing concept $1,764,000 eBook Printem Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales Variable cost of goods sold: Variable cost of goods manufactured $986,100 Inventory, March 31 (138,400) Total variable cost of goods sold Manufacturing margin Total variable selling and administrative expenses Contribution margin (847,700) $916,300 (210,700) $705,600 Fixed costs Fixed manufacturing costs $450,300 Fixed selling and administrative expenses 142,100 Total fixed costs (592,400) Operating income $113,200 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable casting Absorption costing