Question 2 Having classified their costs, Stars, Inc. reported the following costs and expenses for the most recent month: Direct materials. Administrative expenses. Manufacturing overhead. Direct labor $235,000 $77,000 $136,000 $87,000 Selling expenses. Required: Calculate the total amount of product costs? Calculate the total amount of period costs? Calculate the total amount of conversion costs? Calculate the total amount of prime costs? $55,000 (4 marks) (3 marks) (3 marks) (3 marks)