Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The activity rate for Machining is $220 per machine hour, and the activity rate for Inspection is $500 per batch. The activity drivers are used as follows:

Product 1,400 Product X 3,500 Machine hours Number of batches Total 4,900 69 53 16 What is the amount of Machining cost assigned to Product X? $26,500 $700,000 $308,000 $770,000