Schwiesow Corporation has provided the following information:

	Cost per Unit		Cost per Period
Direct materials	$	7.05
Direct labor	$	3.50
Variable manufacturing overhead	$	1.65
Fixed manufacturing overhead			$	11,000
Sales commissions	$	1.00
Variable administrative expense	$	0.40
Fixed selling and administrative expense			$	5,500

For financial reporting purposes, the total amount of product costs incurred to make 5,000 units is closest to:

Multiple Choice

$72,000

$61,000

$11,000

$77,000