In 2015, Choctaw Company implements a new process affecting labor and materials.

Choctaw Company provides the following information so that total productivity can be valued:

20142015Number of units produced540,000450,000Labor hours used180,000225,000Materials used (lbs.)2,700,0001,500,000Unit selling price2325Wages per labor hour1416Cost per pound of material3.904.00Required:

1.Calculate the cost of inputs in 2015, assuming no productivity change from 2014 to 2015. If required, round your answers to the nearest dollar.

Cost of labor$Cost of materialsTotal PQ cost$