The following data were taken from the inventory records of Silk Company for January relating to one of its inkjet printers:

January 1, balance 24 units @,1075 P25,800

Purchase, January 5 19 units @ 1,135 21,565

Purchase, January 24 38 units @ 1,180 44,840

Sales: 22 units on January 8

36 units on January 30

January 31, balance 23 units

What is the inventory value at January 31 under the average method, assuming that the company maintains perpetual inventory method? (Round off unit cost to nearest peso)