Nikkel Corporation, a merchandising company, reported the following results for July:

  Sales

$433,000   

  Cost of goods sold (all variable)

$174,800   

  Total variable selling expense

$ 25,600   

  Total fixed selling expense

$ 15,100   

  Total variable administrative expense

$ 14,800   

  Total fixed administrative expense

$ 31,400   

The contribution margin for July is:

$171,300

$386,500

$217,800

$258,200

2.

Salvadore Inc., a local retailer, has provided the following data for the month of September:

  Merchandise inventory, beginning balance

$ 45,000

  Merchandise inventory, ending balance

$ 45,600

  Sales

$263,500

  Purchases of merchandise inventory

$135,800

  Selling expense

$ 19,700

  Administrative expense

$ 60,900

The net operating income for September was:

$127,700

$128,700

$49,900

$47,700

  Marketing salaries

$

47,600   

  Property taxes, factory

$

14,600   

  Administrative travel

$

104,500   

  Sales commissions

$

55,300   

  Indirect labor

$

42,000   

  Direct materials

$

167,200   

  Advertising

$

145,300   

  Depreciation of production equipment

$

42,000   

  Direct labor

$

95,700   

a.

What is the total amount of product cost listed above? (Omit the "$" sign in your response.)

  Total product cost

$

b.

What is the total amount of period cost listed above? (Omit the "$" sign in your response.)

  Total period cost

$