Information from the records of the Cain Corporation for August 2020 was as fo $1,230,000 Sales Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 405,000 The conversion cost is: O $705,000 O $960,000 O $1,179,000 O $564,000 Information from the records of the Cain Corporation for August 2020 was as follow Sales $1.230,000 Selling and administrative expenses 210,000 Direct materials used 264.000 Direct labor 300.000 Factory overhead 405.000 The gross margin is: $966,000 $666,000 $1,020,000 $261,000