n January 1, 2020, Banana Company signed a three-year, noncancelable purchase contract to purchase up to 5,000 units of computer part annually at P100 per unit and guaranteed a minimum annual purchase of 1,000 units. During 2020, the part unexpectedly became obsolete. The entity had 2,500 units of this inventory on December 31, 2020, and believed these parts can be sold as scrap for P20 per unit. What amount of loss from the purchase commitment should be reported in 2020

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost