The JCO Inc., keeps accounting and cost records on a personal computer. During the month of January, data were loss as a result of errors made by a new operator. Fortunately, some data were retrieved and are set forth as follows:

a). The total ending credit balance of the Accrued Payroll account was P140, 000. This include the beginning balance of accrued payroll account of P 10,000. Total accrued payroll for the month includes P20, 000 in indirect labor that was charged to the Factory Overhead account.

b). The debit balance in the Factory Overhead account totaled P166, 000. This balance included the indirect labor amount in (a).

c). Factory overhead is applied to the products at 150% of direct labor cost.

d). The work in process account showed a January 1 balance of P 91, 000. Materials requisitioned and charged to Work in process during the period amounted to P98, 000. The balance in work in process on January 31, was P 82,000.

e). The finished goods balance at January 1 was P48, 000.

f). Cost of goods sold had a debit balance of P389, 000.

This amount did not include under applied or over applied factory overhead. What is the cost of sale after closing the under / over applied overhead (immaterial)?