Hensley Company manufactures and sells one product for $$36$ per unit. The company maintains no beginning or ending inventories and its relevant range of production is $20,000$ units to $30,000$ units. When Hensley produces and sells $25,000$ units, its unit costs are as follows:

Amount per Unit

Direct materials $$8\mathrm{.}00$

Direct labor $$5\mathrm{.}00$

Variable manufacturing overhead $$1\mathrm{.}00$

Fixed manufacturing overhead $$6\mathrm{.}00$

Fixed selling expense $$3\mathrm{.}50$

Fixed administrative expense $$2\mathrm{.}50$

Sales commissions $$4\mathrm{.}00$

Variable administrative expense $$1\mathrm{.}00$

Required:

$1.$ For financial accounting purposes, what is the total amount of product costs incurred to make $25,000$ units? What is the total amount of period costs incurred to sell $25,000$ units?