Asnien Outfitters makes Artic Hotsuits. The general manager has a special board on his office wall where he writes key statistics. For March, the board shows the following:

Production output 25,000 suits

Materials costs $50,000

Direct labor costs 2,000 hours at $10 per hour

Factory overhead $2 per outfit plus $40,000 per month

Selling expenses $1 per outfit sold plus $50,000 per month

The general manager heard the sales manager brag about selling 22,000 suits this month.

Questions:

1. From the data, what was the cost of producing an Artic Hotsuit in March?

2. What was cost of goods sold in March?

3. What are the total product and period costs that will appear on Asnien Outfitters'income statement for March