Buttercup Corp. had sales of 75,000 units and production of 100,000 units during its first year of operation. Other information for the year included:

Direct Labor P187,500 Variable manufacturing overhead P100,000 Direct Materials P150,000 Variable selling expenses P120,000 Fixed administrative expenses P130,000 Fixed manufacturing overhead P200,000

There was no beginning and ending work-in process inventory.

Required:

1. Compute theper unit costunder each of the following methods: a. Variable Costing b. Absorption Costing
2. Compute thecost of goods manufacturedand thecost of goods soldusing the different costing methods.
3. Compute the value of theending finished goods inventoryunder the different costing methods.