The Pampanga Manufacturing Company uses a raw and in process (RIP) inventory account and expenses all conversion costs to the costs of goods of sold account

The Pampanga Manufacturing Company uses a raw and in process (RIP) inventory account and expenses all conversion costs to the costs of goods of sold account. At the end of each month, all inventories are counted, their conversion cost components are estimated, and inventory account balances are adjusted accordingly, Raw materials cost is backflushed from RIP to Finished goods. The following information is for the month of April: Beginning balance of RIP account, including P1,400 of conversion cost P31,000 Raw materials received on credit 367,000 Ending RIP inventory per physical count including P1,800 conversion cost estimate 33,000 Compute the amount to be backflushed from RIP to Finished goods.