The following quarterly cost data have been accumulated for Old Manufacturing, Inc.: Raw materials, 1/1/2022 Purchases of raw materials Raw materials transferred to work in process Work in process, 1/1/2022 Direct labor Manufacturing overhead Work in process, 3/31/2022 10,000 units at P6.00 8,500 units at P7.00 11,000 units at P7.50 23,500 units 5,600 units at P13.50 P 250,000 325,500 4,200 units at P13.75 4. If Old uses the FIFO method for valuing raw materials inventories, compute for the cost of goods manufactured for the quarter ended March 31, 2022.