Intermediate Accounting, 17e Rockford Practice Set
17th Edition
ISBN: 9781119621133
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Publisher: WILEY
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Corona Corporation has provided the following partial listing of costs
incurred during August:
Marketing salaries
Property taxes, factory
Administrative travel
Sales commissions
Indirect labor
$ 49,000
$ 7,000
$ 1,04,000
$ 49,000
$ 38,000
Direct materials
Advertising
Depreciation of production-Equipment
Direct labor
Required:
$ 1,38,000
$76,000
$ 54,000
$ 89,000
a. What is the total amount of product cost listed above?
b. What is the total amount of period cost listed above?
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