The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted)

Direct materials and direct labor	$	790,000
Other variable manufacturing costs		145,000
Depreciation of factory building and manufacturing equipment		89,000
Other fixed manufacturing costs		27,000

What amount should be considered product costs for external reporting purposes?

Multiple Choice

• $790,000

• $1,051,000

• $935,000

• $1,024,000