Assume the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative expense Fixed administrative expense Total administrative expense What is the total conversion cost? $ 70,000 $ 51,000 $ 14,000 25,000 $ 39,000 $ 15,000 20,000 $ 35,000 $ 8,000 12,000 $ 20,000