ASIS 7 ed A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Product Period out of question $0 B $540 $2,700 $2,160 $1,440 $720 C $360 D $180 a. Option A b. Option B Option C d Option D Type here to search