Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations, Barnard Inc., manufactured 2,800 units and sold 2,400 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, 20Y1 Sales $984,000 Variable cost of goods sold: Variable cost of goods manufactured $551,600 Inventory, March 31 (78,800) Total variable cost of goods sold (472,800) Manufacturing margin $511,200 Total variable selling and administrative expenses (117,600) Contribution margin $393,600 Fixed costs: Fixed manufacturing costs $252,000 Fixed selling and administrative expenses 79,200 Total fixed costs (331,200) Operating income $62,400 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing Absorption costing