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Knight Company reports the following costs and expenses in May.

Factory utilities	$16,114	Direct labor	$70,182
Depreciation on factory equipment	14,721	Sales salaries	49,177
Depreciation on delivery trucks	4,866	Property taxes on factory building	3,414
Indirect factory labor	50,704	Repairs to office equipment	2,082
Indirect materials	81,574	Factory repairs	2,699
Direct materials used	141,450	Advertising	15,167
Factory manager's salary	8,608	Office supplies used	3,549

From the information, determine the total amount of:
(a) Manufacturing overhead
(b) Product costs
(c) Period costs.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92724572

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