8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 Factory overhead 405,000 (variable $205,000;fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000 D) $ 764,000 Answer: _(3 points)