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	$500,000
Finished goods inventory, ending	$37,000

What are the conversion and prime costs, respectively?

Question 4 options:

	$2,336,000 and $1,561,000
	$1,823,000 and $1,886,000
	$1,019,000 and $1,546,000
	$1,019,000 and $2,225,000