Refer to the following data:

Direct material used $180 000

Advertising costs $ 5 000

Indirect labour $ 8 000

Rent on corporate office $ 20 000

Depreciation on factory equipment $ 60 000

Direct labour $ 30 000

Factory cleaners wages $ 20 000

Indirect materials $ 35 000

Required (show your workings for each question):

Determine each of the following costs: (list the costs under each cost category when calculating the answer).

1. Product costs (1.75 marks)
2. Period costs (0.75 mark)