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Cost of Goods Manufactured, using Variable Costing and Absorption Costing

On October $31,$ the end of the first year of operations, Yankovich Inc. manufactured $2,600$ units and sold $2,200$ 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 $$836,000$

Variable cost of goods sold:

Variable cost of goods manufactured $$473,200$

Inventory, October $31(72,800)$

Total variable cost of goods sold $(400,400)$

Manufacturing margin $$435,600$

Total variable selling and administrative expenses $(101,200)$

Contribution margin $$334,400$

Fixed costs:

Fixed manufacturing costs $$218,400$

Fixed selling and administrative expenses $66,000$

Total fixed costs $(284,400)$

Operating income $$50,000$

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$$