Rios Corporation reports costs for the year as follows: Direct Materials Used $ 715 comma 000 Wages to Line Workers 130 comma 000 Office Rent 77 comma 000 Indirect Materials Used 645 comma 000 How much is the total product costs for the year?

$1567000

Explanation:

Given: Direct Material= $715000

           Wages to line worker= $130000.

            Office rent= $77000

            Indirect Material= $645000

Now, finding the total product cost for the year.

We know, office rent and indirect materials are used for under the category of cost of Manufacturing overhead.

∴ Total product cost =

⇒ Total product cost =  

∴Total product cost = $1567000.

Hence, total product cost for the year is $1567000.

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