2. Presented below are incomplete manufacturing cost data. Determine the missing amounts for three different situations. ??? 1 2 3 Direct Materials Used 40,000JD 222 55,000JD Direct Labor Used 61,000D 75.000JD ??? Factory Overhead Total Manufacturing Costs 50.000JD 140.000JD 296,000JD 111.000JD 310,000D 3. Ryan Corporation incurred the following costs while manufacturing its product. Materials used in product $100,000 60,000 7,500 Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used Advertising expense $45,000 Property taxes on plant 14.000 Delivery expense 21,000 Sales commissions 35,000 Salaries paid to sales clerks 50,000 110,000 13,000 Instructions (a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. (b) Explain the basic difference in accounting for product costs and period costs