Joshua, Inc. uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows:

	001	002
Units produced	19,000	25,000
Machine-hours	7,500	8,500
Direct labor-hours	8,000	12,000
Materials handling (number of moves)	4,000	6,000
Setups	5,000	7,000

The following costs for the year are reported:

Materials handling $160,000 Labor-related overhead 480,000 Setups 300,000

Based on the above information, Material Handling costs assigned to Product 001 for the year are:

Group of answer choices

$96,000

$64,000

$80,000

$160,000

None of these numbers is correct.