For each of the following events, determine the amount of freight paid by Tom’s Parts House. Also in- Event (b): Freight Costs dicate whether the freight is classified as a product or period cost. Paid: \($150\)

a. Purchased inventory with freight costs of \($700\), FOB destination.

b. Shipped merchandise to customers with freight costs of \($150\), FOB destination.

c. Purchased additional merchandise with costs of \($250\), FOB shipping point.

d. Sold merchandise to a customer. Freight costs were \($400\), FOB shipping point.