Problem $14-1$A $($Algo$)$ Classifying costs and computing cost per unit LO C$2,$ P$2$

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Listed here are the costs associated with the production of $1,000$ drum sets manufactured by TrueBeat.

Plastic for casing$-$ $$23,000$

Wages of assembly workers $-$$$83,000$

Property taxes on factory $-$$$6,000$

Office accounting salaries $$35,000$

Drum stands $-$$$29,000$

Rent cost of office for accountants $-$$$12,000$

Office management salaries$-$ $$170,000$

Annual fee for factory maintenance $-$$$16,000$

Sales commissions $-$$$23,000$

Factory machinery depreciation, straight$-$line $-$$$44,000$

Problem $14-1$A $($Algo$)$ Part $1$

Required:

Classify each cost and its amount as either product or period. The first cost is completed as an example.

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Costs