Pin Drop Technologies, Inc. budgeted the following conversion costs for its just-in-time cell manufacturing and assembling a mobile phone: Conversion Cost Categories Labor Supplies Utilities Budget $ 9,000 2,000 1,600 Total $ 12,600 Pin Drop plans to produce 1,000 assemblies. Each each assembly requires 15 minutes of cell time, 250 hours of production is budgeted for the mobile phone cell. Using just-in-time costing, what entry should be made when actual conversion costs (equal to budgeted conversion costs) are incurred? Factory overhead Raw & in process Conversion Costs Work in process 12,600 12,600 12,600 12,600 Wages payable Wages payable 10,000 Factory overhead 12,600 Wages payable 9,000 9,000 Supplies Supplies Supplies 2,000 2,000 2,000 Accounts payable Accounts payable Accounts payable 1,600 1,600 1,600