Cost Classification

Valentina Company incurred the following costs last year:

Costs Amounts

Direct materials $$211,000$

Factory rent $25,000$

Direct labor $125,000$

Factory utilities $6,800$

Supervision in the factory $48,000$

Indirect labor in the factory $27,000$

Depreciation on factory equipment $6,900$

Sales commissions $32,000$

Sales salaries $63,000$

Advertising $36,000$

Depreciation on the headquarters building $10,400$

Salary of the corporate receptionist $35,000$

Other administrative costs $162,000$

Salary of the factory receptionist $27,000$

Required:

Valentina Company

What was the total product cost for last year?

The total product cost is $

What was the total period cost for last year?

The total period cost is $