Sobota Corporation has provided the following partial listing of costs incurred during August: 
Required:
a.What is the total amount of product cost listed above? Show your work.
b.What is the total amount of period cost listed above? Show your work.
Definitions:
Annual Dividend
The annual sum of dividends a company pays out to its shareholders.
Rate Of Return
The rise or fall experienced by an investment over a chosen time frame, expressed as a fraction of the cost at which the investment was made.
Future Dividends
Future dividends refer to the dividends that a company plans to pay out to its shareholders in the future, based on its earnings and dividend policy.
Annual Dividend
The total amount of dividend payments a company makes to its shareholders in a year.
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