3. Bestwood Corp. incurred direct material of $25,000, direct labor of $40,000, factory overhead of $15,000, and selling and administrative overhead of $11,000. Calculate the conversion cost. a) $51,000 b) $55,000 c) $65,000 d) $40,000

3. Bestwood Corp. incurred direct material of $25,000, direct labor of $40,000, factory overhead of $15,000, and selling and administrative overhead of $11,000. Calculate the conversion cost. a) $1,000 b) $55,000 c) $65,000 d) $40,000