Cost Terminology for Manufacturers ILO 2-2 LO 2-31 EXERCISE Arden Company reported the following costs and expenses for the most recent month $80,000 $42,000 Manufacturing overhead.$19,000 Selling expenses. $22.000 $35,000 Required: . What is the total amount of product costs 2. What is the total amount of period costs What is the total amount of conversion costs? 4 What is the total amount of prime costs EXERCISE 2-10 Cost Behavior: Contribution Format income Statement ILO 2-4, LO 2-61