Esposito, Inc. uses a just-in-time costing system. During the month, Esposito incurred $700,000 as direct labor and $8,000 as overhead. Wages were not paid. Which of the following is the correct journal entry to record the conversion costs? OA. Conversion Costs Wages Payable, Accumulated Depreciation, etc Accounts Payable Conversion Costs 708,000 708,000 708,000 708,000 708,000 708,000 B. Conversion Costs O C. Manufacturing Overhead 0 D. Conversion Costs Wages Payable 708,000 708,000