1. Maple Co. manufactures boxes. The following data represent transactions and balances for January 2020, the company's first year of operations

Purchased direct material on account P248,000

Issued direct material to production 186,000

Accrued direct labor payroll 134,000

Paid factory rent 3,600

Accrued factory utilities 16,200

Recorded factory equipment depreciation 15,800

Paid supervisor salary 6,400

Ending work in process inventory (6,000 units) 35,000

Ending finished goods inventory (3,000 units) ?

Sales on account (P24 per unit) 648,000

What was the per unit cost?

2. In 2019, Locust Co. produced 25 ,000 units and sold 26,500 units of Product A for P60 each. The actual variable unit cost is as follows:

Direct Materials P16.00

Direct Labor 5.30

Variable overhead 2.90

Variable selling expense 2.40

Total 26.60

Fixed overhead was P320,000. Fixed selling expenses consisted of advertising payments totaling P110,000. Fixed administrative expenses was P236,000. There were no beginning and ending work in process inventories. Beginning Finished Goods inventory was P148,000 for 4,000 units.

Determine the value of ending finished goods inventory reported on the financial statements.