Hi tutor! Here's the problem:

:. Unit product costs, profit and cost of ending inventory. Northern Bicycle produces an inexpensive motorbike that sells for P 12,000. Selected data for the company's operation last year follow: Units in beginning inventory P 300 Units produced 1,000 Units sold 800 Units in ending inventory 500 Variable cost per unit: Direct Materials P 1,300 Direct Labor 800 Manufacturing overhead 500 Selling and administrative 200 Fixed cost per year: Manufacturing overhead P4,000,000 Selling and administrative 2,000,000 1. Compute the unit costs under absorption and variable costing methods. 2. Compute the operating income under absorption and variable costing methods. 3. Compute the value of ending inventory under absorption and variable costing methods. 4. Reconcile the difference in operating income under the absorption and variable costing methods