Balerio Corporation's relevant range of activity is 11,000 units to 16,000 units. When it produces and sells 13,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.50 Direct labor $ 4.10 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 14.30 Fixed selling expense $ 2.75 Fixed administrative expense $ 1.90 Sales commissions $ 0.70 Variable administrative expense $ 0.60 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 13,000 units

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: