Glew Corporation has provided the following information:

Cost Per Unit: Direct materials $ 6.00 Direct labor $ 3.35 Variable manufacturing overhead $ 1.75 Sales commissions (cost per unit) $ 1.00 Variable administrative expense $ 0.40

Cost Per Period:

Fixed manufacturing overhead $ 8,800 Fixed selling and administrative expense $ 4,000

Assuming a production level of 5000 units, answer the following: What are the prime costs? What are the conversion costs? What are the product costs? What are the period costs? Assume Absorption Costing and a selling price of $75/unit. Prepare a traditional format income statement for the period.