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please answer these questions For each item show below, dassify it as a product or period cost. If it is a product cost, indicate if

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For each item show below, dassify it as a product or period cost. If it is a product cost, indicate if it is a direct or indirect cost with respect to a unit of finished product 1. Product or period cost? Product Period Direct or indirect cost? Direct Indirect Cost Item Interest expense Direct labor Direct materials Custodial Staff in Factory Factory supplies Depreciation on factory equipment Sales Staff Salaries Printing of Sales Flyers The following costs are incurred by Gonzales Manufacturing Company. Classify each cost item as 2. either a period or product cost, and if a product cost as a prime or conversion cost. Product Cost Period Prime Conversion Cost Cost Cost Steering wheels for cars Depreciation of Vehicles (used by sales staff) Wages of production workers Production supervisor salary Accounting Dept. salaries Insurance on delivery vehicles Indirect materials used Property tax on factory 3. Amanufacturing company's beginning finished goods inventory was $37,000; cost of goods manufactured was $285,000; a nd the ending finished goods inventory was $42,500. What is the cost of goods sold for that year? 4 Information for Underwood Industries is presented below. Compute the cost of goods manufactured. Beginning $13,250 Ending $15,400 21,400 Raw materials inventory 22,600 Work in process inventory Finished goods inventory 39,800 25,260 $89,700 Raw materials purcha sed Direct Labor $58,500 $98,700 Total factory overhead Chung Corporation uses a job order costing system. Their predetermined overhead rate is 40% of 5. direct labor costs. The following cost information is available for the five jobs worked on during the current year Job Materials Time $89,700 $25,000 $68,400 $24,000 $57,200 101 102 $26,000 $60,800 $25,000 103 104 $72,200 $22,000 105 Complete the Job Cost Sheets for each job

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