Question: Present solutions in good accounting form. Avoid parenthetical solutions. Only present your final answer in two decimal places WHEN NECESSARY. 5. By producing 4,000 units

Present solutions in good accounting form. Avoid parenthetical solutions. Only present your final answer in two decimal places WHEN NECESSARY.

5. By producing 4,000 units and selling 3,600 units of its only product, RNA company incurred the following costs: variable factory costs: P12; variable selling and administrative cost: P3; Fixed factory overhead: P36,000; fixed selling and administrative costs: P40,000.

Assuming a beginning inventory of zero, the value of the ending inventory under absorption costing would be:

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