Use the Information Below for Jensen Company to Answer the Questions

Use the information below for Jensen Company to answer the questions that follow.
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$$\begin{array} { l r } \text { Direct materials used } & \$ 345,000 \\\text { Direct labor incurred } & 250,000 \\\text { Factory overhead incurred } & 400,000 \\\text { Operating expenses } & 175,000\end{array}$$
-Jensen Company's product costs are

A) $995,000
B) $920,000
C) $825,000
D) $770,000

Correct Answer:

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