Nica provided the following information for the transaction occurred during November 2021 The production plant uses JIT costing system -Raw materials costing 750,000 were purchased. all direct materials costing 750,000 were requisitioned for production -Direct labor cost of P500,000 were incurred -Actual FOH cost amounted to 2,487,500 -Applied conversion cost totaled P3,250,000. this include the direct labor cost -All units are completed and immediately sold How much is the RIP used to backflushed to FG and the adjusted COGS, respectively?