32 ABCO Inc. manufactures portable chairs with various logos. During the first year of operations, the company had the following data Description Costs/Units Direct materials used $16,000 Direct Labor 17,000 Factory rent 18.000 Equipment depreciation - factory 12,000 Equipment depreciation-office 3,750 Marketing expenses 6,500 Administrative expenses Number of units started and produced during the year 26,750 3,500 units Required: What are the product costs per unit? $20.93 per unit $18 per unit $19.07 per unit O $28.57 per unit ON 31 ABCO Inc. manufactures portable chairs with various logos. During the first year of operations, the company had the following data Description Costs/Units Direct materials used $16,000 Direct Labor 17,000 Factory rent 18,000 Equipment depreciation - factory 12,000 Equipment depreciation-office 3,750 Marketing expenses 6,500 Administrative expenses 26,750 Number of units started and produced during the year 3,500 units Required: What are the total product costs for the year? $100,000 $66,750 $63,000 $73,250