Dolan Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2016 Dec. 31, 2015 Direct materials inventory $620,000 $520,000 Work in process inventory 600,000 320,000 Finished goods inventory 380,000 300,000 During 2016, $800,000 of direct materials were purchased, direct labor costs amounted to $1,000,000, and manufacturing overhead incurred was $960,000. The total direct materials used during 2016 for Dolan Manufacturing Company is $700,000. $1,420,000. $520,000. O $1,320,000. Question 7 1 pts Advertising is an example of a/an: O period cost. O product cost. O administrative cost. manufacturing overhead cost. Screenshot Question 8 2 pts In a large manufacturing company, depreciation on factory equipment is an example of a/an: period cost. product cost. O administrative cost. O non-manufacturing overhead cost