Cain Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $450,000 were put into production. Direct labor of $800,000 was incurred, overhead equaled $500,000, and selling and administrative costs totaled $360,000. The company manufactured 8,000 television sets during the month. Assume that there were no beginning or ending work in process balances. $263.75 $62.50 $162.50 $156.25 Cain Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $450,000 were put into production. Direct labor of $800,000 was incurred, overhead equaled $500,000, and selling and administrative costs totaled $360,000. The company manufactured 8,000 television sets during the month. Assume that there were no beginning or ending work in process balances. $263.75 $62.50 $162.50 $156.25