The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [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 Fixed administrative expense Sales commissions Variable administrative expense $ 3.00 $ 1.50 $4.00 $2.50 $2.00 $ 1.00 $0.50 Foundational 1-1 (Algo) Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units? (Do not round Intermediate calculations.) Total product cost $ 140,000 Get new and Lives