The Putney Company reports the following information: Sales $76,500 7,300 Cost of direct materials used in production Depreciation on factory equipment 4,700 Indirect labor 5,900 10,500 Direct labor 4,200 Factory rent Factory utilities 1,200 Sales salaries expense office salaries expense 15,600 8,900 Indirect materials 1,200 a. Compute product costs. $ b. Compute period costs. Keeton Company had the following data: Cost of materials used $60,000 Direct labor costs 58,000 33,000 29,000 Factory overhead Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 18,000 32,000 18,000 Determine the cost of goods sold