Dake Corporation's relevant range of activity is 2,800 units to 6,000 units. When it produces and sells 4,400 units, its average costs per unit are as follows:

Average Cost per UnitDirect materials$6.95Direct labor$3.00Variable manufacturing overhead$1.70Fixed manufacturing overhead$2.50Fixed selling expense$1.00Fixed administrative expense$0.70Sales commissions$0.80Variable administrative expense$0.70

For financial reporting purposes, the total amount of product costs incurred to make 4,400 units is closest to:

Multiple Choice

• $68,860
• $62,260
• $11,000
• $51,260