I have a ton of questions just like this and if I can do one, I can do them all. Can you please show me how and
not just the answer? Thank you.
Grankowski Corporation has provided the following partial listing of costs incurred during November:
Marketing salaries $47,000 Property taxes, factory $6,000 Administrative travel $113,000 Sales commissions $56,000 Indirect labor $36,000 Direct materials $119,000 Advertising $63,000 Depreciation of production equipment $56,000 Direct labor $117,000
(a) What is the total amount of product costs listed above?
(b) What is the total amount of period costs listed above?