The Shoal Company's manufacturing costs for the third quarter of 2016 were as follows: (CPA adapted) Direct materials and direct labor Other variable manufacturing costs Depreciation of factory building and manufacturing equipment Other fixed manufacturing costs $790,000 145,000 89.000 27,000 What amount should be considered product costs for external reporting purposes? $935.000 $1.051.000 O $1.024,000 O $790.000