Classifying Costs and Computing Cost per Unit Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. \begin{tabular}{|c|c|c|} \hline \multicolumn{1}{|c|}{ Costs } & \multicolumn{2}{c|}{ Cost by Function } \\ \hline 1. Plastic for Casing $17,000 & Product & Period \\ \hline \end{tabular} 2. Wages of Assembly Workers - $82,000 3. Property Taxes on Factory $5,000 4. Accounting Staff Salaries - $35,000 5. Drum Stands (1,000 Stands Outsourced) $26,000 6. Rent Cost of Equipment for Sales Staff - $10,000 7. Upper Management Salaries - \$125,000 8. Annual Flat Fee for Maintenance Service $10,000 9. Sales Commissions - $15 per Unit 10. Machinery Depreciation, Straight-Line $40,000 Required: 1. Classify each cost and its amount as either product or period. (The first cost is completed as an example.) 2. Compute the average manufacturing cost per drum set