The following information has been taken from the cost records of T Co. for the past year:

Raw Material used in production P326, 000

Prime cost for the period 551, 000

Conversion cost for the period 360, 000

(Overhead applied is equal to 60% of direct labor)

Cost of goods available for sale 826, 000

Selling and Administrative expenses 25, 000

Inventories Beginning Ending

Raw Materials P 75, 000 P 85, 000

Work in Process 80, 000 30, 000

Finished Goods 90, 000 110, 000

Required: Determine the total factory costs for the period.