TB MC Qu. 1-126 A manufacturing company prepays - Amanufacturing company prepays sin c e coverage for operations and ten percent applies to eng and n e three year pened. The premium for the three years is $1.090 and is paid at the beginning of the first year net percent of the pr c es What amounts should be considered product and period costs respect for the first year of coverage Perlod e m ium Product $3,090 52.781 51,854 $103 M e Choice 0 0 0 A manufacturing company prepays Its Insurance coverage for a three-y operations and ten percent applies to selling and administrative activitie Product $3,090 $2,781 $1,854 $927 Period $0 $309 $206 $103