1) Lettman Corporation has provided the following partial listing of costs incurred during November: Marketing salaries $ 52,100 Property taxes, factory $ 12,400 Administrative travel $ 100,800 Sales commissions $ 52,800 Indirect labor $ 38,400 Direct materials $ 173,900 Advertising $ 139,900 Depreciation of production equipment $ 39,100 Direct labor $ 87,400 Required: a. What is the total amount of product cost listed above? (Omit the $ sign in your response.) Total product cost $ b. Document Preview: 1) Lettman Corporation has provided the following partial listing of costs incurred during November: Marketing salaries $ 52,100 Property taxes, factory $ 12,400 Administrative travel $ 100,800 Sales commissions $ 52,800 Indirect labor $ 38,400 Direct materials $ 173,900 Advertising $ 139,900 Depreciation of production equipment $ 39,100 Direct labor $ 87,400 Required: 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 $ 2) Whitman Corporation, a merchandising company, reported sales of 10,600 units for May at a selling price of $750 per unit. The cost of goods sold (all variable) was $492 per unit and the variable selling expense was $55 per unit. The total fixed selling expense was $162,400. The variable administrative expense was $33 per unit and the total fixed administrative expense was $375,400. Required: a. Prepare a contribution format income statement for May. (Input all amounts as positive values. Omit the $ sign in your response.) Whitman Corporation Income Statement $ Variable expenses: $ Fixed expenses: $ b. Prepare a traditional format income statement for May. (Input all amounts as positive values. Omit the $ sign in your response.)Whitman Corporation Income Statement $ Operating expenses: $ $ 3) In October, Patnode Inc., a merchandising company, had sales of $373,000, selling expenses of $34,800, and administrative expenses of $42,400. The cost of merchandise purchased during the month was $268,600. The beginning balance in the merchandise inventory account was $38,700 and the ending balance was Attachments: hw2.docx