1) XYZ Inc. is a merchandiser of stone ornaments. It sold 15,000 units in 2015. The company has provided the following information: Sales Revenue $300 Purchases (excluding freight in) 200 Selling and Administrative Expenses 250 Freight In 20 Beginning Merchandise Inventory 100 Ending Merchandise Inventory 50 How much is the gross profit for 2015?Sales Salary 500 Sales Revenue 400 President's Salary 400 Office Rent 100 Manufacturing Equipment Depreciation 80 Indirect Materials 160 Indirect Labor 100 SN Factory Repair and Maintenance 100 Direct Materials 180 Direct Labor 200 Delivery Vehicle Depreciation 1,027 Administrative Salaries 700 How much were ABC's 1. Product costs? 2. Period Cost