XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 50,000 37,000 Work in process 38,000 41,000 Finished goods 32,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: Direct materials purchased .............................. $129,000 Depreciation, factory equipment ......................... 37,000 Sales revenue ........................................... 590,000 Utilities (60% for factory; 40% for office building) .... 30,000 Sales commissions ....................................... ? Indirect materials ...................................... 29,000 Depreciation, office equipment .......................... 33,000 Rent, factory building .................................. 60,000 Net income .............................................. 10,000 Direct labor ............................................ 90,000 Advertising ............................................. 57,000 Production supervisor's salary .......................... 82,000 Assume that the actual overhead cost for 2020 was equal to the overhead applied to production. Thus there was no overhead variance for 2020. Calculate XYZ Company's conversion costs for 2020.