Ryan Corporation incurred the following costs while manufacturing its product.

Instructions
(a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs.
(b) Explain the basic difference in accounting for product costs and periodcosts.

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$100,000 Advertising expense Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $45,000 14,000 21,000 35,000 Salaries paid to sales clerks 50,000 60,000 Property taxes on plant 7,500 Delivery expense 110,000 Sales commissions 13,000