Use the following information for the next (2) questions: Bearkat Bicycle Company is in its first year of operations and has the following costs in its first year of manufacturing tricycles. Factory Insurance $ 10,000 Depreciation on Corporate Office Building 28,000 Sales Salaries and Commissions 44,000 Tricycle Wheels 15,800 Indirect Materials 8,000 Wages for assembly line workers Advertising Costs Rent on Factory Production Supervisor Salary Aluminum for tricycle handlebars $ 98,000 14,000 15,750 34,000 10,300 3. Determine the correct amount of product costs for Bearkat Bicycles for the year? $ 157,850 $ 170,100 $191,850 $ 192,700 4. What amount would Bearkat Biycles classify as conversion costs for 2019? $ 165,750 $ 193,750 $ 116,000 $ 124,100