The beginning inventory was 100 units at P1000 per unit. Purchases for the period were as follows. First batch, 900 units at 1100 per unit P990000, second batch 1500 units at P 1200 per unit...

The beginning inventory was 100 units at P1000 per unit. Purchases for the period were as follows. First batch, 900 units at 1100 per unit P990000, second batch 1500 units at P 1200 per unit 600000. Physical count at the end of the period was 50 units, under FIFO costing, the value of ending inventory would be