Question 1 (1 point) TechCom Inc. manufactures laptops. Last month, direct materials (e.g., computer components) costing $300,000 were put into production. Direct labour of $450,000 was incurred, overhead equaled $250,000, and selling and administrative costs totaled $200,000. The company manufactured 5,000 laptops during the month. Assume the company had no beginning or ending work-in-process balances. What is the amount of conversion costs? $750,000 $950,000 $700,000 $1,200,000