A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,210 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Product A) $3,210 Period 50 B $2.568 $642 0 $1,712 $428 $856 1214