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In 2019, Sunset Safari, Inc., a helmet manufacturing company, implemented a new process affecting labor and materials. Two years of expanded data are as follows:

In 2019, Sunset Safari, Inc., a helmet manufacturing company, implemented a new process affecting labor and materials. Two years of expanded data are as follows:

2018 2019
Number of units produced 550,000 750,000
Labor hours used 68,750 105,000
Materials used (lbs.) 687,500 1,000,000
Unit selling price $40 $40
Wages per labor hour $20 $18
Cost per pound of material $5.00 $5.50

If the base-period productivity ratio for labor is 8 units per hour and for material used is 0.80 units per pound, calculate the cost of inputs in 2019 assuming no productivity change from 2018 to 2019.

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