Response to the following problem:
Martinez Manufacturing Inc. showed the following costs for last month:
Direct materials ................... $7,000
Direct labor ......................... 3,000
Manufacturing overhead ......... 2,000
Selling expense .................... 8,000
Last month, 6,000 units were produced and sold.
Required:
1. Classify each of the costs as product cost or period cost.
2. What is total product cost for last month?
3. What is the unit product cost for last month?