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Required information

Problem $1-1$A $($Algo$)$ Classifying costs and computing cost per unit LO C$2,$ P$2$

$[$The following information applies to the questions displayed below.$]$

Listed here are the costs associated with the production of $1,000$ drum sets manufactured by TrueBeat.

Plastic for casing $$18,000$

Wages of assembly workers $$92,000$

Property taxes on factory $$7,000$

Office accounting salaries $$37,000$

Drum stands $-$$$34,000$

Rent cost of office for accountants $-$$$48,000$

Office management salaries $$175,000$

Annual fee for factory maintenance $$12,000$

Sales commissions $$17,000$

Factory machinery depreciation, straight$-$line$-$ $$47,000$

Problem $1-1$A $($Algo$)$ Part $1$

Required:

Classify each cost and its amount as either product or period. The first cost is completed as an example.