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, Setup costs assigned to Product 001 for the year are: $140,000 $112.000 $175,000 $125,000 None of these numbers is correct