B SHOW MEHOW EE 16-4 764 PE 16-48 Product and period costs OBJ.2 Identify the following costs as a product cost or a period cost for a magazine publisher: a. Sales salaries b. Paper used for the magazine c. Maintenance on printing machines d. Depreciation expense-corporate headquarters SHOW ME HOW EE 16-50 PE 16-58 Cost of goods sold, cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, July 1 Work in process inventory, July 31 Finished goods inventory, July 1 Finished goods inventory, July 31 $67,200 88,000 44,800 32.800 29,600 37,600 27,200 OBJ.3 For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold.