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During the first year of operations, 18,000 units were manufactured and 13,500 units were sold....

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Accounting

During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepared the following income statement based on the variable costing concept:
Olympic Inc.
Variable Costing Income Statement
For Year Ended August 31
Sales $297,000
Variable cost of goods sold:
Variable cost of goods manufactured $288,000
Ending inventory (72,000)
Total variable cost of goods sold (216,000)
Manufacturing margin $81,000
Variable selling and administrative expenses (40,500)
Contribution margin $40,500
Fixed costs:
Fixed manufacturing costs $12,000
Fixed selling and administrative expenses 10,800
Total fixed costs (22,800)
Operating income $17,700
a. Determine the unit cost of goods manufactured based on the variable costing concept.
$fill in the blank 1
b. Determine the unit cost of goods manufactured based on the absorption costing concept. Round your answer to two decimal places.
$fill in the blank 2

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