La Croix Company produced and sold 1,000 units during its first month of operations. It reported

the following costs and expenses for the month:

Direct Materials $55,000

Direct Labor $20,000

Variable Manufacturing Overhead $10,000

Fixed Manufacturing Overhead $24,000

Total Manufacturing Overhead $34,000

Variable Selling Expense $14,000

Fixed Selling Expense $14,000

Total Selling Expense $28,000

Variable administrative expense $7,000

Fixed administrative expense $30,000

Total administrative expense $37,000

What is the total product cost?

(A) $75,000 (B) $109,000 (C) $137,000 (D) $174,000

What is the total period cost?

(A) $65,000 (B) $28,000 (C) $37,000 (D) $174,000