For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to:

A) $43,400
B) $55,400
C) $59,400
D) $12,000

Product Costs

The costs that are directly associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.

Financial Reporting

The process of disclosing financial information and statements by a company to its stakeholders and the public, revealing its financial performance and position.