Bisco Company paid $12,000 for materials (all of which was used in production during the year), $9,000 to manufacturing workers, $10,000 to office workers, $7,000 for the factory utilities, and $1,500 for office utilities. During the year, the company manufactured 2,000 parts and sold 1,800 of them. There were no units in beginning inventory at the start of the period. 1) What was Bisco's cost of goods sold for the year? [Select] 2) What was the value of Bisco's inventory at the end of the year? [Select ] During its first year of operations, the Johnson Company paid $18,000 for direct material and $15,000 in wages for production workers. Lease payments and utilities for the administrative offices were $5,000. Lease payments and utilities for the production facilities were $1,000. Other selling, general, and administrative expenses were $4,000. The company produced 17,000 units and sold 15,000 units at a price of $4.50 per unit. 1) What is Johnson's total product cost for the period? [ Select] 2) What is the product cost per unit for the period? [ Select)