Assuming beginning work-in-process inventory is $150,000, ending work-in-process inventory is $180,000, cost of goods manufactured is $600,000 and direct materials used are $210,000, how much are the conversion costs?

$780,000 $420,000 $650,000 $810,000

In October, Victory Company purchased materials costing $25,000 and incurred direct labor cost of $35,000. Manufacturing overhead totaled $45,000 for the month. Information on inventories was as follows:

	October 1	October 31
Materials	$10,000	$9,000
Work in process	6,500	7,400
Finished goods	3,600	2,900

What was the total manufacturing cost in October?

$106,900 $105,900 $106,000 $105,000