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The factory ledger of Diamond Corporation contains the following cost data for the year ended December 31, 2011: Inventories

The factory ledger of Diamond Corporation contains the following cost data for the year ended December 31, 2011:

Inventories

                           Opening Closing

Raw materials P150,000 170,000

Work in process 160,000 60,000

Finished goods 180,000 220,000

Raw materials used -- 652,000

Total manufacturing

costs charged to production

during the year (including

raw materials, direct labor and

factory overhead applied at

the rate of 50% of direct

labor cost) -- 1,372,000

Compute the: (1) cost of raw materials purchased and (2) direct labor charged to production during the year:


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