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).

(i) Product costs

(ii) Period costs