PROBLEM 4 Marquess Corporation has provided the following partial listing of costs incurred during May: Marketing salaries........... $39,000 Property taxes, factory $8,000 Administrative travel........ Sales commissions. Indirect labor............ Direct materials. Advertising..... Depreciation of production equipment.... Direct labor........ $102,000 $73,000 $31,000 $197,000 $145,000 $39,000 $78,000 Required: a. What is the total amount of product cost listed above? Show your work. b. What is the total amount of period cost listed above? Show your work.

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.