Answer:
Total product costs for Pharmco are a. $303,000
Explanation:
Product cost comprises all the factory costs incurred, which are directly related to production.
Here Product costs will be as follows:
Materials used = $120,000
Add: Factory Depreciation = $60,000
Add: Labor costs = $95,000
Add: Factory Supplies = $8,000
Add: Property taxes on factory = $20,000
<u>Total Product costs = $303,000 </u>
