What is the cost of Venture's end-of-period finished-goods inventory under the variable-costing method? Calculate the company's variable-costing net income Calculate the company's absorption-costing net income

Use the following information to answer items #56- 58: The following data relate to Venture Company, a new corporation, during a period when the firm produced and sold 100,000 units and 90,000 units, respectively Direct materials used P400,000 Direct labor 200,000 Fixed manufacturing overhead 250,000 Variable manufacturing overhead 120,000 Fixed selling and administrative expenses 300,000 Variable selling and administrative 45,000 expenses The company met its original planned production target of 100,000 units. There were no variances during the period, and the firm's selling price is P15 per unit