Ruth Company Incurred the Following Costs in July Calculate the Total Product Cost Using Absorption Costing and Variable

Ruth Company incurred the following costs in July:
$$\begin{array} { | l | r |} \hline \text { Units produced } & 1,000 \text { units } \\\hline \text { Direct materials } & \$ 30 \text { per unit } \\\hline \text { Direct labor } & \$ 25 \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 10 \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 7,000 \text { per month } \\\hline \text { Variable selling and administrative costs } & \$ 8 \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 2,000 \text { per month } \\\hline\end{array}$$ Calculate the total product cost using absorption costing and variable costing.