NHIKNHAK Enterprises has determined the cost of manufacturing a unit of product as follows, based on normal production of 60,0000 units per year: Direct materials Direct labor Variable factory overhead P8 865 Fixed factory overhead Total cost 4 P23 Operating statistics for October and November include the following: Units produced Units sold Selling & administrative expenses (all fixed) Oct Nov 6,000 4,000 5,000 5,000 P10,000 P10,000 The selling price is P30 per unit. There were no inventories on October 1, and there is no work in process on November 30.