Tzuyu Company produces a single product. Last year, Tzuyu manufactured 15,000 units and sold 12,000 units. Production costs for the year were as follows: Direct materials P 150,000 Direct labor 180,000 Variable manufacturing overhead 135,000 Fixed manufacturing overhead 210,000 Sales totaled P 840,000 for the year, variable selling expenses totaled P 60,000, and fixed selling and administrative expenses totaled P 180,000. There were no units in the beginning inventory. Assume that direct labor is a variable cost Under absorption costing, the carrying value on the balance sheet of the ending inventory for the year would be: P 105,000 OP 135,000 OP 93,000 PO