Identify if the following costs are "product" or "period" costs: COST 1. Television advertisements for Bailey's products 2. Lubricants used in running bottling machines 3. Research and Development related to the elimination of antibiotic residues in milk 4. Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores 5. Company president's annual bonus 6. Depreciation on refrigerated trucks used to collect raw, milk 7. Plastic gallon containers in which milk is packaged 8. Property insurance on dairy processing plant 9. Cost of milk purchased from local dairy farmers 10. Depreciation on tablets used by sales staff 11. Depreciation on chairs and tables in the factory lunchroom. 12. The cost of packaging the company's product. 13. The wages of the receptionist in the administrative offices. 14. Cost of leasing the corporate jet used by the company's executives. 15. The cost of renting rooms at a BC resort for the annual conference. Period Cost or Pro