Capital Manufacturing Produces a Unique Souvenir Product for Various Museums

Capital Manufacturing produces a unique souvenir product for various museums around the country.During the year,the company incurred the following costs:
$\begin{array}{lr}\text { Direct material used } & \$ 50000 \\\text { Direct labour } & 80000 \\\text { Manufacturing overhead } & 30000 \\\text { Marketing expenses } & 10000 \\\text { Administrative expenses } & 20000\end{array}$

During the year,25 000 units were produced out of which 20 000 units were sold for $15 each.
Required:
A. Calculate the total product costs incurred for the year.
B. What is the product cost per unit?
C. What is cost of goods sold for the year?
D. What is net income for the year?