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The Pacific Company manufactures a single product. The following data relate to the year just completed: Variable cost per unit Fixed costs in total Production
The Pacific Company manufactures a single product. The following data relate to the year just completed:
| Variable cost per unit | Fixed costs in total |
Production | P43 | P145,000 |
Selling and administrative | P15 | P 95,000 |
During the last year, 5,000 units were produced and 4,800 units were sold. There were no beginning inventories. The carrying value of finished goods inventory at the end of the year under variable costing would be:
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