Kyrz uses the retail inventory method. The following information is available for the current year:

Cost Retail

Beginning inventory

P 1,300,000

P 2,600,000

Purchases

18,000,000

29,200,000

Freight in

400,000

Purchase returns

600,000

1,000,000

Purchase allowances

300,000

Departmental transfer in

400,000

600,000

Net markups

600,000

Net markdowns

2,000,000

Sales

24,700,000

Sales returns

350,000

Sales discounts

200,000

Employee discounts

600,000

Loss from breakage

50,000

1. The estimated cost of inventory at the end of the current year using the conventional (lower of cost or market) retail inventory method is?
2. The estimated cost of inventory at the end of the current year using the average retail inventory method is?
3. The estimated cost of inventory at the end of the current year using the FIFO retail inventory method is?