Compute for the following requirements and show solution in good accounting form. Thank you!

1. By producing 4,000 units and selling 3,600 units of its only product, RNA company incurred the following costs: variable factory costs: P12; variable selling and administrative cost: P3; Fixed factory overhead: P36,000; fixed selling and administrative costs: P40,000.

QUESTION:

Assuming a beginning inventory of zero, the value of the ending inventory under absorption costing would be: ________________

2. Jon Snow Inc. is a medium-sized manufacturer of lamps. During the year a new line called "Supernova" was made available to Jon Snow Inc. customers. The BEP for sales of Supernova is P200,000 with a contribution margin of 40%.

QUESTION:

Assuming that the profit for the Supernova line during the year amounted to P100,000, total sales during the year would have amounted to: ____________________