Everlasting Co. has the following data pertaining to its 1st quarter of operations: Activity level - units Production Sales January February 10,000 10,000 March 10,000 10,000 11,000 7,000 Cots...

3. COMPUTE THE ENDING INVENTORY (FEBRUARY) UNDER VARIABLE COSTING 4. COMPUTE THE ENDING INVENTORY (FEBRUARY) UNDER ABSORPTION COSTING

Extracted text: Everlasting Co. has the following data pertaining to its 1st quarter of operations: Activity level - units Production Sales January February 10,000 10,000 March 10,000 10,000 11,000 7,000 Cots incurred in the different areas of operation were as follows: Per Per unit month P 20 Direct Materials Direct Labor 15 Variable factory overhead Fixed factory overhead Variable selling and administrative 12 P60,000|| 5 Fixed selling and administrative 30,000 Fixed factory overhead costs per month are based on the company's normal capacity of 10,000 units. The company sells the product at P75 per unit.