Integrity Company manufactures two joint products, R and F.  Integrity produced 12,000 units of product R with a split-off sales value of P90,000.  However, if R were to be processed further, additional cost of P6,000 will be incurred but the sales value will increase to P120,000.  Integrity produced 6,000 units of product F with a split-off sales value of P60,000.  However, if F were to be processed further, additional cost of P7,200 will be incurred but the sales value will go up to P72,000. Under the market value method, the allocation to product R from the total joint cost is P54,000.  How much is the total joint cost?

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