The following data have been recorded for recently completed job P70 on its job cost sheet. Direct materials cost was $3,000. A total of 400 direct labor hours and 500 machine hours were worked on the job. The direct labor wage rate is 512 per labor hour. The Corporation applies manufacturing overhead on the basis of machine hours. In addition, estimated overhead costs at the company was 550,000 and estimated number of machine hours was 2.500 at the beginning of the year. Total conversion costs for job P70 would be $8,000 58,500 $13,500 $14,000