What is the total cost of conversion?

nsert Format Tools Data Window He @cFF EEv lome Insert Draw Page Layout Formulas Data Review View vA A ste fae General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dolars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added unifomly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 3,400 figurines at a cost of $20,536.00. Of this amount, $5,236.00 was from raw materials added, $10,200.00 for labor and $5, 100.00 for overhead. These 3,400 figurines were assumed to be 20.00% complete as to labor and overhead. During January, 25,500 units were started, $37,536.00 of materials and $67,520.00 of labor costs were incumed. 0.00% complete to 3 8 The 7,000 figurines that were in-process at the end of January were assumed to be 7 labor and overhead 60 All figurines in January passed inspection