A review of Plunkett Corporation’s accounting records revealed the following selected information for the previous year:

Direct materials used.............................$ 56,000

Direct labor.............................................179,100

Manufacturing overhead......................421,000

Selling expenses.....................................235,900

Administrative expenses......................229,400

In addition, the company suffered a $27,700 uninsured factory fire loss during the year. What were Plunkett’s product costs and period costs for last year?

Product.....................................Period

a. $235,100............................$914,000.

b. $497,500.............................$651,600.

c. $656,100...............................$493,000.

d. $683,800...............................$465,300.