A construction company is bidding for a project that requires 10,000 units of a specialized building material. The company has two options for procuring the material:

Option 1: Purchase the material from a supplier at $50 per unit, with an additional transportation cost of $2 per unit.

Option 2: Manufacture the material in-house, incurring direct materials costs of $20 per unit, direct labor costs of $15 per unit, and overhead costs of $10,000 for the entire production run.

Calculate the total cost for each option and determine which option is more cost-effective for the company.