2. Determine whether each of the following is a product cost or a period costs. Circle either Period Costs, Product Costs or Neither as appropriate. The first one is done as an example. 5 points each [40 points) a. Advertising cost Product Costs Period Costs Neither b. President salaries Product Costs Period Costs Neither c. Sales Commission Product Costs Period Costs Neither d. Transportation In Product Costs Period Costs Neither e. Transportation Out Product Costs Period Costs Neither f. Cost of purchases for resale (Inventory) Product Costs Period Costs Neither g. Insurance of office building Product Costs Period Costs Neither h. All costs incurred to acquire merchandise ready for sale Product Costs Period Costs Neither . Gain on Sale of Land Product Costs Period Costs Neither