What would be NUBD's finished goods inventory at December 31, 2021 under the absorption costing method? NUBD Company began its operations on January 1, 2021, and produces a single product that sells for P10 per unit. NUBD uses an actual cost system. In 2021, 100,000 units were produced and 80,000 units were sold. There was no work in process inventory at December 31, 2021. Manufacturing costs and selling and administrative expenses for 2021 were as follows: Fixed costs Variable costs Raw material Direct labor Factory overhead Selling and administrative P120,000 70,000 P 2.00 per unit produced P 1.25 per unit produced P0.75 per unit produced P 1.00 per unit sold