Flounder Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary $16,000 Direct labor 14,250 Sales salaries 4,900 Property taxes on factory building 53,500 Repairs to office equipment 85,000 Factory repairs 141,700 Advertising 8,100 Office supplies used $72,700 50,000 2,600 1,800 2,970 15,600 3,420 From the information: Determine the total amount of product costs. Product costs $ e Textbook and Media Determine the total amount of period costs. Period costs $ eTextbook and Media