Sheddon Industries produces two products. The products' identified costs are as follows: Direct materials Direct labor Product A Product B $23,000 $18,000 11,000 27,000 The company's overhead costs of $57,000 are allocated based on labor cost. Assume 7,000 units of product A and 8,000 units of Product B are produced. What amount of production costs would be assigned to Product A? (Do not round intermediate calculations.) Multiple Choice $45.000 $50,500 $102,000 None of the answers are correct