[The following information applies to the questions displayed below.] Kubin Companys relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$ 7.10Direct labor$ 4.10Variable manufacturing overhead$ 1.60Fixed manufacturing overhead$ 5.10Fixed selling expense$ 3.60Fixed administrative expense$ 2.60Sales commissions$ 1.10Variable administrative expense$ 0.60Required:1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units?2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units?