The following data have been taken from the accounting records of Larner Corporation for the year just completed: Raw materials inventory, beginning $70,000 Sales $3,000,000 Purchases of raw materials $1,500,000 Finished goods inventory, beginning $98,000 Direct labour $679.000 Administrative expenses $790,000 Raw materials inventory, ending $24,000 Work-in-process inventory, beginning $56,000 Manufacturing overhead $340,000 Work-in-process inventory, ending $73,000 Selling expenses Finished goods inventory, ending What are the conversion and prime costs, respectively? $500,000 $37,000