Costs and Expenses
Direct Materials		$42,000
Direct Labor		$66,000
Variable Manu Overhead	$28,000
Fixed Manu Overhead	$20,000
Total Manu Overhead		$48,000
Variable Selling Expense	$11,000
Fixed Selling Expense	$9,000
Total Selling Expense		$20,000
Variable Administrative Expense	$7,000
Fixed Administrative Expense	$12,000
Total Administrative Expense		$19,000

Conversion costs are equal to