1. Product vs. period costs; process costing. 18 points. Campitelli Company provided the following information regarding its first year of operations: $ Administrative Salaries Advertising Costs Depreciation of factory equipment Depreciation of salesmen's cars Indirect materials Raw materials used in production Rent of factory building Research and development costs Salaries of factory supervisors Sales revenues Salesmen salaries and commissions Utilities for the factory Wages of production workers 240,000 160,000 64,000 24,000 16,000 400,000 72,000 88,000 112,000 1,928,000 144,000 48,000 320,000 0 Beginning inventory Units produced Units sold 80000 77000 Determine the following amounts: a) Total overhead costs b) Total product costs. c) Product cost per unit. d) Total cost of ending inventory. e) Total cost of goods sold. f) Net income (ignoring taxes)