Selected Accounts of Cadiente Manufacturing Company as of December 31, 2020 are presented below:

Sales P844,000

Sales returns and allowances 13,200

Sales discount 10,800

Purchases 267,200

Purchase returns and allowances 8,700

Purchase discount 6,800

Freight out 12,000

Direct labor 77,562

Factory overhead 57,438

Utilities factory 12,000

Bad debts expense 8,000

Raw materials (January 1, balance P11,700) 13,400

Work in process (January 1 balance P18,330) 15,800

Finished goods (January 1 balance P18,610) 21,140

Total marketing and selling expenses 188,800

Total general and administrative expenses 146,200

Note: Keep your computation on the side, you may need it for some other numbers.

What is the cost of goods sold? Give your answer in this format xxx,xxx.