3. Determine whether each of the following is a product cost or a period costs. Circle either Period Costs or Product costs as appropriate. The first one is done as an example. 5 points each [30 points] a. Advertising cost Product Costs Period Costs Neither b. Transportation Out c. Sales Commission d. Transportation In e. Cost of purchases for resale (Inventory) f. Rent of office space g. Loss on Sale of Land Product Costs Product Costs Product Costs Product Costs Product Costs Product Costs Period Costs Period Costs Period Costs Period Costs Period Costs Period Costs Neither Neither Neither Neither Neither Neither