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3. LO 4.1 Choco's Chocolates incurs these costs for the month: Direct materials $15,000 Direct labor 25,000 Factory depreciation expense 45,000 Factory utilities expense

3. LO 4.1 Choco's Chocolates incurs these costs for the month: Direct materials $15,000 Direct labor 25,000 Factory depreciation expense 45,000 Factory utilities expense 2,000 Payroll staff's salary 15,000 What is the conversion cost?

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