Cost Classification Loring Company incurred the following costs last year! Costs Direct materials Factory rent Amounts $221,000 25.000 Direct laber Factory utilities 121,000 6.100 Supervision in the factory 50.000 Indirect labor in the factory 28,000 Depreciation on factory equipment 8.500 Salex commissions 30,000 Sales salaries 71,000 Advertising 33.000 Depreciation on the headquarters building 9,000 Salary of the corporate receptionist 29.000 Other administrative costs Salary of the factory receptionist 162,000 29.000 Required: 1. Classify each of the costs using the table provided. Be sure to total the amounts in each column. If an amount box does not require an entry, leave it blank. Direct materials is shown as an example. Costs Direct materials Factory rent Direct labor Factory des Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative coats Salary of the factory receptionist Total Loring Company Product Cost: Product Cost: Direct Materials $221,000 Direct Labor Product Cost: Manufacturing Overhead Period Cost: Selling Expense Period Cost: Administrative Expense 2. What was the total product cost for last year? The total product cost is 3. What was the total period cost for last year? The total period cost is $ 4. If 30,000 units were produced last year, what was the unit product cost? Round your answer to two decimal places. The total unit product cost is s