Solid Company purchased a plot of ground for \( \mathrm{P} 18,000,000 \). The entity also paid an independent appraiser for the land the amount of P500,000.
The land was developed as residential lots at a total cost of \( \mathrm{P} 41,500,000 \).
\begin{tabular}{lcc}
& Number of lots & Sales price per lot \\
Highland & 20 & \( 1,000,000 \) \\
Midland & 40 & 750,000 \\
Lowland & 100 & 500,000
\end{tabular}
What total cost should be allocated to Highland lots?
a. \( 12,000,000 \)
b. \( 11,900,000 \)
c. \( 8,400,000 \)
d. \( 8,300,000 \)