Question 6 3 points EA A manufacturing company prepays its insurance coverage for the year. The premium is $5,000 and is paid at the beginning of the year. Seventy percent of the premium applies to trips made to large customers and thirty percent applies to kitchen and office equipment located inside the factory, What amounts should be considered product and period costs respectively for the year of coverage? product cost-5000, period costo product Cost 3500; period Co 1500 product cost 1500: period cost 3500 product cost period cost 5000