CoursHeroTranscribedText: Agua Corporation applies the just-in-time philosophy in its materials procurement and production systems. It uses Raw and in Process account to keep track of its materials and backflushed materials at the date goods are completed. The following selected transactions occurred in one of its products in the month of January 2020: Raw materials purchases, Direct materials 12,000 lbs. @ P10, P126,000. Indirect materials P4,400 Production costs with 3,000 units Other conversion costs P62,000 Beginning and ending balances: RIP FG Beginning balances Direct Materials 2,000 3,100 Conversion costs 900 1,200 Total 2,900 4,300 Ending balances Direct Materials (1,500) (1,500) Conversion costs (600) (2,200) Total 2,100 3,700 Using the company's backflush accounting system, how much is the direct materials used to be backflushed