#5. Costs can be categorized as either product costs or period costs. The components of product costs include which of the following costs? (select one of the options below)

Direct materials and direct labor, but not manufacturing overhead or selling & administrative costs.

Direct materials, direct labor, manufacturing overhead, and selling & administrative costs.

Direct labor, manufacturing overhead, and selling & administrative costs, but not direct materials.

Direct materials, direct labor, and manufacturing overhead, but not selling & administrative costs.

Direct materials, manufacturing overhead, and selling & administrative costs, but not direct labor.

Direct labor and manufacturing overhead, but not direct materials or selling & administrative costs.

Direct materials, direct labor, and selling & administrative costs, but not manufacturing overhead.

Direct materials and manufacturing overhead, but not direct labor or selling & administrative costs.