When does a corporation record the liability for dividends? o When they are declared by the Board of Directors. o The last day of the fiscal year. O The date of record o When the dividends are paid or distributed in stock. A company had the following data during the period: No beginning work in process 12,000 units of direct materials added at the beginning of the process during the period at a cost of $84,000 9,000 units were completed during the period 3,000 units were 30% completed as to labor and overhead at the end of the period. Direct labor was $49,500 Factory overhead was $9.900. How much were the total conversion costs for the period? o $9,900 o $143,400 o $59,400 o $49,500