The following information applies to the questions displayed below.

Madrid Corporation has compiled the following information from the accounting system for the one product it sells

Sales price	750 per unit
Fixed costs (for the month)
Marketing and administrative	$127,400
Manufacturing overhead	$135,200
Variable costs (per unit)
Marketing and administrative	28
Direct materials	170
Manufacturing overhead	32
Direct labor	125
Units produced and sold (for the month) value	2,600

Required: Show step by step.

1. Calculate the product costs per unit.

2. Calculate the period costs for the period.