Information from the records of Davies & Moore Corporation for December of the current year is as follows: Sales $1,353,000 Selling and administrative expenses 231,000 Direct materials used 290,400 Direct labor 330,000 Manufacturing overhead 445,500 Inventories Dec. 1 Dec. 31 Direct materials $39,600 $46,200 Work in process 82,500 92,400 Finished goods 75,900 62,700 The conversion costs are: Question 16 options: $960,000. $1,179,000. $775,500. $564,000.