Pin Drop Technologies, Inc. budgeted the following conversion costs for its just-in-time cell manufacturing and assemblinga mobile phone: Conversion Cost Categories Budget Labor $ 10.000 Supplies 2,400 Utilities 2.000 Total $ 14.400 Pin Drop plans to produce 1,300 assemblies. Each each assembly requires 15 minutes of cell time, 325 hours of production is budgeted for the mobile phone cell What entry should be made when actual conversion costs (equal to budgeted conversion costs) are incurred? o Factory overhead 14.400 Wages payable 10.000 Supplies 2,400 Accounts payable 2.000 Work in process 14.400 Wages payable 10.000 Supplies Work in process 14,400 Wages payable 10,000 Supplies 2,400 Accounts payable 2.000 Conversion Costs 14.400 Wages payable 10,000 Supplies 2,400 Accounts payable 2.000 Raw & in process 14,400 Factory overhead 14,000