Use the following data to answer the next question: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35.000 Direct Labor Cost $40,000 $50,000 $30,000 1,200 hours Direct Labor Hours 1,800 hours 2,000 hours Factory overhead is estimated to be $30,000 and is applied based on direct labor dollars. The total cost of Product 1 is A. $ 62,500. B. $ 64,400. C. S 69,200. $ 7,500 D