Question 18 (3 points) Information from the records of Subject Company for July was as follows: Sales $1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead * 405,000 Variable overhead is $205,000, fixed overhead is $200,000 Inventories July 1 July 31 Direct materials $36,000 $42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is $1,179,000. $969.000. $615,000. $764,000.