For financial reporting purposes, the total amount of product costs incurred to make 9,000 units is closest to:

A) $81,000
B) $188,550
C) $107,550
D) $197,550

Product Costs

The total costs incurred to create a product, including direct materials, direct labor, and manufacturing overhead expenses.

Financial Reporting

The method of generating reports that reveal the financial condition of an organization to its management, investors, and regulatory bodies.