Inventory management is very important for each and every company as it helps them to know their balances and how much to order at any given time. Most companies they carry out stock takes at various intervals of their operational periods. Viola Ltd had about 7 200 units of bolts and nuts in their inventory and these were valued at P6 each at the beginning of September 2022. Viola Ltd registered the following receipts and issues during the month as indicated below.

DATES	Receipts/Issues
07 September 2022	Received 12000 units at a price of P6,20 per each unit
15 September 2022	Received 6000 units at a price of P6,86 per each unit
25 September 2022	Issued a total of 15300 units in total

Required: Calculate the total value of bolts and nuts remaining in stock on 25 September using the weighted average price method of valuation.