Profit, inventoriable costs and cost of ending inventory. Golden Company produces an inexpensive product branded as "Ginto". Selected data for the company's last year's operations follows: Units: Beginning inventory Normal capacity 4,000 50,000 Unit sales price Variable costs per unit: Direct materials Direct labor Manufacturing overhead Selling an administrative Fixed Costs: Manufacturing overhead per unit Selling and administrative, total P 250 22 P 30 20 25 12 P 14 300, 0000 Required: For each of the following independent cases, determine the profit and account for the difference in profits under the absorption and variable costing methods. Production 1. 50,000 Sales 52,000 2. 50,000 49, 500 3. 50,000 50,000 4. 52,000 51,000 5. 47,500 52, 500