Consider the following information for Blue Water Equipment, Inc., a manufacturer of sailboat rigging, blocks, and cordage.

Advertising expenses	$16,000
Depreciation expense-admin. office	73,000
Depreciation expense-plant	197,000
Depreciation expense-delivery trucks	34,000
Direct materials inventory, beginning	33,000
Direct materials inventory, ending	28,000
Direct materials purchases	190,000
Direct labor	345,000
Indirect labor	128,000
Finished goods inventory, beginning	66,000
Finished goods inventory, ending	43,000
Insurance on plant	44,000
Heat and light for plant	23,000
Repairs on plant building	34,000
Supervisors salary-plant	85,000
Supplies-plant	21,000
Supplies-administrative office	42,000
Work-in-process inventory, beginning	14,000
Work-in-process inventory, ending	11,000
Sales representatives salaries	216,000
Sales revenue	1,675,000
Total	xxx

1. which of the above are NOT product costs (i.e. which are period costs)

2. the amount of direct materials used in the year i.e that were transferred to WIP

3. the total overheads for the year

4. the costs to be included in WIP and the amount transferred out of WIP to finished goods

5. the profit or loss for the period