PART 2: Scer Questions Use the below information to answer the following NINE questions (numbered 2 through 10). This information was provided by Boom Company for July 2020. $87,500 17,500 297,500 Inventories (Beginning): Raw Materials Work in Process Finished Goods Inventories (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Factory Insurance Indirect Labor Marketing Costs Purchases of Raw Materials 596,250 35,000 262,500 $612,500 350,000 100,000 425,000 481,250 437,500 2,625,000 26.250 Sales Sales Commissions 5 points 5. What was the amount of total selling costs for July 2020? * O $507,500 O $1,120,000 O $1,645,000 O $2,625,000 None of the above 6. What was the amount of total period costs for July 2020? * 5 points O $778,750 O $1,120,000 0 $1,303,750 O $2,423,750 None of the above