Martinez Manufacturing Inc. showed the following costs for last month: Direct materials ...........$7,000 Direct labor .............. 3,000

Question:

Martinez Manufacturing Inc. showed the following costs for last month:
Direct materials ...........$7,000
Direct labor .............. 3,000
Manufacturing overhead ......... 2,000
Selling expense ........... 8,000
Last month, 4,000 units were produced and sold.

Required:
1. Classify each of the costs as product cost or period cost.
2. What is total product cost for last month?
3. What is the unit product cost for last month?

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Rustia Melrod

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