Grankowski Corporation has provided the following partial listing of costs incurred during November:

Marketing salaries $47,000 Property taxes, factory $6,000 Administrative travel $113,000 Sales commissions $56,000 Indirect labor $36,000 Direct materials $119,000 Advertising $63,000 Depreciation of production equipment $56,000 Direct labor $117,000

Required:

(a) What is the total amount of product costs listed above?

(b) What is the total amount of period costs listed above?

Answer rating: 100% (QA)

To determine the total amount of product costs and period costs we need to classify the costs provid... View the full answer