Cost of Goods Manufactured, using Variable Costing and Absorption Costing

On October $31,$ the end of the first year of operations, Yankovich Inc. manufactured $4,500$ units and sold $3,900$ units. The following income statement was prepared, based on the variable costing concept:

Yankovich Inc.

Variable Costing Income Statement

For the Month Ended October $31$

Line Item Description Amount Amount

Sales $$1,794,000$

Variable cost of goods sold:

Variable cost of goods manufactured $$994,500$

Inventory, October $31(132,600)$

Total variable cost of goods sold $(861,900)$

Manufacturing margin $$932,100$

Total variable selling and administrative expenses $(214,500)$

Contribution margin $$717,600$

Fixed costs:

Fixed manufacturing costs $$454,500$

Fixed selling and administrative expenses $144,300$

Total fixed costs $(598,800)$

Operating income $$118,800$

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$$