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Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 2,500 Manufacturing overhead 1,700 Selling

Total and Unit Product Cost

Martinez Manufacturing Inc. showed the following costs for last month:

Direct materials $7,000
Direct labor 2,500
Manufacturing overhead 1,700
Selling expense 8,000

Last month, 5,000 units were produced and sold.

Required:

1. Classify each of the costs as product cost or period cost.

Direct materials - ??
Direct labor- ??
Manufacturing overhead - ??
Selling expense- ??

2. What is total product cost for last month? $_____

3. What is the unit product cost for last month? If required, round your answer to the nearest cent. $___per unit

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