Cost of Gooos Manufactured using variatie Casting and Absention Conting On December 31, the end of the first year of operations, Frankretne, manufactured 700 unts and sold 1,200 units. The following income statement was prepare based on the variable con concept Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 2012 Sales 3672,000 Variable cost of goods sold Variable cost of goods manufactured 5373,700 Invertory, December 31 (50.500) Totalte cost of goods sold 323,200 Manufacturing margin $140,000 Totawaring and come expenses 10,000 Cotton margin 5260,000 5170 200 selling and admin 56 Toots 224,600 therom operation 541,200 Den trend on the count the bottocent Van Abouting