Assume the following information: Direct materials $ 70, 000 Direct labor $ 46, 000 Variable manufacturing overhead $ 15, 000 Fixed manufacturing overhead 25, 000 Total manufacturing overhead $ 40, 000 Variable selling expense $ 15, 000 Fixed selling expense 20, 000 Total selling expense $ 35, 000 Variable administrative expense $ 8, 000 Fixed administrative expense 12, 000 Total administrative expense 20, 000 What is the total conversion cost