Question - A partial listing of costs incurred at Falkenberg Corporation during October appears below:
Direct materials $195,000
Utilities, factory $9,000
Sales commissions $75,000
Adminnistrative salaries $113,000
Indirect labor $30,000
Advertising $119,000
Depreciation of production equipment $28,000
Direct labor $105,000
Depreciation of administrative equipment $44,000
Required:
a. What is the total amount of product cost listed above? Show work.
b. What is the total amount of period cost listed above? Show work.