Requirements - X 1. For a manufacturing company, identify the following as either a product cost or a period cost: a. Depreciation on plant equipment b. Depreciation on salespersons' automobiles C. Insurance on plant building d. Marketing manager's salary e. Direct materials used f. Manufacturing overhead g. Electricity bill for human resources office h. Production employee wages 2. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $28,000; direct labor, $11,000; manufacturing overhead, $12,000; beginning Work-in-Process Inventory, $10,000; and ending Work-in-Process Inventory, $1,000. 3. Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 1,200 units were manufactured. 4. Beginning Finished Goods Inventory had 175 units that had a unit cost of $45 each. Ending Finished Goods Inventory has 200 units left. Using the results from Requirement 3, calculate cost of goods sold assuming FIFO inventory costing is used. 2,0