:

Question $2($Mandatory$)(40$ points$)$

$$

Identify which of the following are product cost and which are period costs.

Question $2$ options:

$12$

Gains or loss on disposal of factory equipment

$12$

Depreciation of manufacturing equipment

$12$

Depreciation of a factory building

$12$

Lubricants for machinery and equipment used in production

$12$

Storage and material handling costs for raw materials

$1.$

Product Costs

$2.$

Period Costs