Items 59 and 60 are based on the following information: A manufacturer at the end of its fiscal year recorded the following: Prime cost Php 960,000 Variable manufacturing overhead 120,000 Fixed manufacturing overhead 192,000 Variable selling and administrative expenses 96,000 Fixed selling and administrative expenses 48,000 59. If the manufacturer uses variable costing, what are the inventoriable costs? A. Php1,080,000 C. Php1,176,000 B. Php1,272,000 D. Php1,224,000 60. If the manufacturer uses absorption costing, what are the inventoriable costs? A. Php1,080,000 C. Php1,176,000 B. Php1,272,000 D. Php1,224,000