Loring Company incurred the following costs last year:

Direct materials	$216,000		Sales salaries	$65,000
Factory rent	24,000		Advertising	37,000
Direct labor	120,000		Depreciation on the headquarters building	10,000
Factory utilities	6,300		Salary of the corporate receptionist	30,000
Supervision in the factory	50,000		Other administrative costs	175,000
Indirect labor in the factory	30,000		Salary of the factory receptionist	28,000
Depreciation on factory equipment	9,000
Sales commissions	27,000

Required:

Classify each of the costs using the following table format. Be sure to total the amounts in each column. Example: Direct materials, $216,000.

	Product Cost			Period Cost
Costs	Direct Materials	Direct Labor	Manufacturing Overhead	Selling Expense	Administrative Expense
Direct materials	$216,000

What was the total product cost for last year?

What was the total period cost for last year?

If 30,000 units were produced last year, what was the unit product cost?