Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat.

Costs

1. Plastic for casing$18,000

2. Wages of assembly workers$86,000

3. Property taxes on factory$7,000

4. Office accounting salaries$40,000

5. Drum stands$35,000

6. Rent cost of office for accountants$24,000

7. Office management salaries$195,000

8. Annual fee for factory maintenance$17,000

9. Sales commissions$22,000

10. Factory machinery depreciation, straight-line$38,000

Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example.

2. Compute the average manufacturing cost per drum set.