Putney Company Reports the Following Information:​​ Compute:
(A)Product Costs
(B)Period Costs

Essay

Putney Company reports the following information:​​ $$\begin{array} { l r } \text { Sales } & \$ 76,500 \\\text { Cost of direct materials used in production } & 7,300 \\\text { Depreciation on factory equipment } & 4,700 \\\text { Indirect labor } & 5,900 \\\text { Direct labor } & 10,500 \\\text { Factory rent } & 4,200 \\\text { Factory utilities } & 1,200 \\\text { Sales salaries expense } & 15,600 \\\text { Office salaries expense } & 8,900 \\\text { Indirect materials } & 1,200\end{array}$$ Compute:
(a)Product costs
(b)Period costs