Tarsier Company produced 400,000 units in August and used the following production

costs:

Direct Materials P 750,000

Direct Labor 800,000

Factory Overhead:

Variable

Fixed

80,000

110,000

The company sold 360,000 units during the month. There was no inventory of finished goods

on August 1.

Required: Using the traditional cost accounting system, calculate the following:

1. Inventoriable cost per unit.

2. Cost of goods sold during the period.

3. Cost of inventory on August 31.