At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control:

Manufacturing overhead control, P20,000 cr.

Cost of goods sold, P384,000 dr.

Finished goods, P96,000 dr.

Work in process, P160,000 dr.

Raw materials, P160,000 dr.

Case 1: Any under- or over-applied overhead is considered immaterial.

What is the adjusted balance of the cost of goods sold after disposing of the under -or over-applied overhead?