Problem 11-15 (IAA) Solid Company purchased a plot of ground for P18,000,000. The entity also paid an independent appraiser for the land the amount of P500,000. The land was developed as residential lots at a total cost of P41,500,000. The lots were classified as follows: Number of lots Highland Midland Lowland 20 40 100 Sales price per lot 1,000,000 750,000 500,000 Required: Compute the total cost of each lot classification