using absorption, direct costing, and throughput costing

PROBLEM 1: TELLER Manufacturing Company produces a single product. The production data for the last three years show the following: 2018 60,000 55,000 P20.00 15.00 10.00 5.00 2020 2019 Units manufactured 40,000 50,000 Units sold 42,000 52,000 Variable Cost per unit Direct Materials P20.00 P20.00 Direct Labor 15.00 15.00 Manufacturing Overhead 10.00 10.00 Selling Gen. & Adm. 5.00 5.00 Total Fixed Costs Manufacturing Overhead 750,000 750,000 Selling Gen. & Adm. 50,00 50,00 Assume that the unit sales price is pegged at P100.00. Required: For the three-year period ending: 1. Determine the cost of the ending inventory under the three costing methods. 2. Determine the net income (Loss) under the three costing methods. 750,000 50,00