PART 2: Scenario-Based Multiple-Choice Questions Use the below information to answer the following NINE questions (numbered 2 through 10). This information was provided by Boom Company for July 2020. $87.500 17,500 297,500 $96,250 35,000 262,500 Inventorias (Beginning): Raw Materials Work in Process Finished Goods Inventories (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Factory Insurance Indirect Labor Marketing Costs Purchases of Raw Materials Sales Sales Commissions $812,50 350,000 100,000 425,000 481,250 437,500 2,625,000 26.250 9. What was the amount of total conversion costs for July 2020?* 5 points O $778,750 O $875,000 O $1,120,000 $1,303,750 None of the above 10. What was the amount of cost of goods sold for July 2020?* 5 points O $1,286,250 O $1,303,750 O $1,321,250 O $1,347,500 None of the above