Office Equipment, Inc $~~~~~~~~$ $15,000
Fire Insurance Premium for the Factory Equipment

Office Equipment, Inc. manufactures custom filing cabinets. Alma Ortiz, president of Office Equipment, Inc., has gathered the following cost information from the company’s accounting records for the latest month of operations.
Advertising $~~~~~~~~$ $15,000
Fire insurance premium for the factory equipment $~~~~~~~~$ 5,000
Sales office depreciation $~~~~~~~~$ 2,000
Oil for the machines used to produce the cabinets $~~~~~~~~$ 1,500
Wood used to produce the cabinets $~~~~~~~~$ 30,000
Property taxes on the factory building $~~~~~~~~$ 8,000
Freight to ship the cabinets to customers $~~~~~~~~$ 2,500
Sales department salaries $~~~~~~~~$ 34,000
Production supervisors’ salaries $~~~~~~~~$ 18,000
Assembly line workers’ wages $~~~~~~~~$ 45,000

Required
a. Calculate the total period costs for the month.
b. Calculate the total product costs for the month.
c. Calculate the amount of manufacturing overhead incurred for the month.