On December 31, the end of the first year of operations, Frankenreiter Inc. manufactured 25,600 units and sold 24,000 units. The following income statement was prepared, based on the variable costing concept:

Determine the unit cost of goods manufactured, based on (A) the variable costing concept and (B) the absorption costing concept.

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Frankenrelter Inc. Variable Costing Income Statement For the Year Ended December 31, 20Y1 $9,600,000 Variable cost ot goods sold: $5,376,000 Inventory, December 31 Total variable cost of goods sold.......................... 5,040,000 Total variable selling and administrative expenses Contribution margin.... Fixed costs: 1,150,000 $3,410,000 .. Fixed manufacturing costs Fixed selling and administrative expenses...... . . . $1,664,000 890,000 2,554,000 856,000 Income from operations