2. Lebanon Corp. obtained the following information from its absorption costing accounting records:
Operating Income = $59,000
Total Product Costs incurred during the period = $48,000
Value of Beginning Work-in-Process and Finished Goods Inventories = $0
Value of Ending Work-in-Process and Finished Goods Inventories = $0
Sales = $126,000
What are the total Period Costs incurred this period?
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