For each of the items above, specify whether it describes a product cost or a period cost. If it represents beginning or ending inventory, specify the type of inventory. (Do not leave any answer field blank. Select "NA" if not applicable.) 1. 2. 3.. 4. 5. & 6. 7. 8. 9. & 10. 11. & 12. New sewing machine ($2,200) Purchased thread, etc. ($290) Purchased jeans ($960) Paid friend ($1,790) Finished jackets, sold all but 1 Finished jackets, waiting to be sold Freight out ($360) Advertising expense ($330) Finished all but 1 4 Counted 40 jeans Product or Period > Inventory >

For each of the ifemsabove, specify whether it describes a product cost or a period cost if it represents beginning or ending irventory, specify the type of inventory. (Do not leave eny arswer field blank. Select "NU" if not applicubled