Consider the following costs that were incurred during the current year and determine whether the cost is a product cost or a period cost a) Marketing costs. b) Factory Insurance costs. c)Depreciation on machinery. d) Delivery costs.

Mighty Muffler Inc. had the following inventory balances at the beginning and end of 2019. Inventory Classification January 1, 2019 December 31, 2019 Work in Process $90,000 $100,000 Finished Goods $110,000 $ 130,000 Raw Material $100,000 $60,000 During 2019, the company spent $100,000 on direct labor and purchased $50,000 raw material. Manufacturing overhead costs were as follows: Indirect Material an $20,000 Indirect Labor $10,000 Insurance $8,000 Depreciation on machines $10,000 Production supervisor's $20,000 salary 900 e of the Middle East, 2020