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Boris' Car Loft, Inc., began operations on January 1. It manufactures 10,000 automobiles and sold 8,000. It incurred the following costs during the year: Factory

Boris' Car Loft, Inc., began operations on January 1. It manufactures 10,000 automobiles and sold 8,000. It incurred the following costs during the year: Factory worker wages $30,000 Chief Financial Officer's salary $400,000 Factory rent $60,000 Factory materials $10,000 Corporate headquarters' rent $200,000 Calculate the total product cost for the year ended December 31

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