Question 1 - A partial listing of costs incurred at the Booth, Inc. during November appears below

	Per unit cost		Cost per month
Direct materials	$1.16
Direct labor	$3.35
Indirect materials	$0.21
Indirect labor	$1.92
Depreciation, factory			$5,700
Factory supervisors salary			$82,000
Sales commissions	$0.80
Administrative salaries			$101,250
Advertising			$39,100
Depreciation of administrative equipment			$2,300

a. For financial reporting purposes, calculate the total amount of product costs incurred to produce and sell 8,000 units? Show your work.

b. For financial reporting purposes, calculate the total amount of period costs incurred to produce and sell 8,000 units? Show your work.