Fruitas Company uses the weighted average method to determine the cost of its inventory. During July 2021, the company recorded the following information pertaining to its inventory:

	No. of Units	Unit Cost	Total Cost
Balance, July 1	20,000	P10.00	P200,000
Purchase, July 17	10,000	11.50	115,000
Sale, July 28	25,000

What amount of inventory should Fruitas report on July 31, 2021?

Group of answer choices

P57,500

P52,500

P50,000

P53,750