Phinisee Corporation manufactures a variety of products. The following data pertain to the company's operations over the last two years:

Variable costing net operating income, last year P82,700

Variable costing net operating income, this year P87,800

Increase in ending inventory, last year 900

Decrease in ending inventory, this year 3,100

Fixed manufacturing overhead cost per unit P2

Required: Determine the absorption costing net operating income for last year. Show your work! Determine the absorption costing net operating income for this year. Show your work!