Type of cost for fin. 1 Stmts. Cost Product Period 1 Property taxes, factory 2 Boxes used for packaging detergent produced by the company 3 Salespersons' commissions 4 Supervisor's salary, factory 5 Depreciation, executive autos 6 Wages of workers assembling computers 7 Insurance, finished goods warehouses 8 Lubricants for production equipment 9 Advertising costs 10 Microchips used in producing calculators a. Mark the proper category for each cost. (1/2 pt each) 1 b. Explain why the difference between product and period costs important for financial statements. (3 pts)