On December 31, the end of the first year of operations, Frankenreiter Inc., manufactured 2,100 units and sold 1,800 units. The following income statement was prepared, based on the variable costing concept: Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 2011 Sales $648,000 Variable cost of goods sold: Variable cost of goods manufactured $363,300 Inventory, December 31 (51,900) Total variable cost of goods sold 311,400 Manufacturing margin $336,600 Total variable selling and administrative expenses 77,400 Contribution margin $259,200 Fixed costs: Fixed manufacturing costs $165,900 Fixed selling and administrative expenses 52,200 Total fixed costs 218,100 Income from operations $41,100 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept Variable costing Absorption costing Next Check My Work 5 more Check My Work uses remaining