Based on the information shown, what is the estimated cost of ending inventory using the average method? Note: Solutions must be in good accounting form

Cost P 500,000 2,500,000 Beginning Inventory Net Purchases Net Markup Net Markdown Sales Sales discount Sales allowances Sales returns Normal shoplifting losses Retail P 720,000 3,300,000 300,000 200,000 3,950,000 40,000 30,000 60,000 80,000