Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 5.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense. $ 3.00 $ 1.50 $4.00 $2.50 Fixed administrative expense $ 2.00 $ 1.00 Variable administrative expense $ 0.50 Sales commissions Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? Note: Do not round intermediate calculations. Total product cost $ 70,500