The following data pertains to Lam Co.'s manufacturing operations:\ \ \ \ Inventories 4/1 4/30\ Direct Materials $ 18,000 $ 15,000 \ Work in Process 9,000 6,000 \ Finished Goods 27,000 36,000 \ \ \ Additional information for the month of April:\ \ \ \ \ Direct materials purchased $ 32,000 \ Direct labor 30,000 \ Direct labor rate per hour 10.00 \ Factor overhead incurred 40,000 \ \ \ Overhead is applied at $12 per direct labor hour.\ \ \ \ For the month of April, conversion cost incurred was:\ \ Multiple Choice\ \ $75,000.\ \ \ $39,000.\ \ \ $70,000.\ \ \ $66,000.\ \ PrevQuestion 21 of 50 Total21 of 50Visit question mapNext