Exercise $1-8$A $($Algo$)$ Allocating product costs between ending inventory and cost of goods sold LO $1-3$

Rooney Manufacturing Company began operations on January $1.$ During the year, it started and completed $1,650$ units of product. The

financial statements are prepared in accordance with GAAP. The company incurred the following costs:

Raw materials purchased and used$-$ $$3,180.$

Wages of production workers$-$ $$3,470.$

Salaries of administrative and sales personnel$-$ $$1,890.$

Depreciation on manufacturing equipment $-$$$5,560.$

Depreciation on administrative equipment$-$ $$1,745.$

Rooney sold $1,210$ units of product.

Required

a$.$ Determine the total product cost for the year.

b$.$ Determine the total cost of the ending inventory.

Note: Do not round intermediate calculations.

c$.$ Determine the total of cost of goods sold.

Note: Do not round intermediate calculations.