Variable and Absorption Costing Frances Manufacturing makes only one product with total unit manufacturing costs of $69, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $105 per unit, and the cost structure did not change. Frances uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 100,000 70,000 100,000 120,000 2015 2016