Step 1: Concept The transition series are named after the $d$-orbital being filled: $3d$ (Period 4), $4d$ (Period 5), and $5d$ (Period 6).
Step 2: Meaning Identifying the position of Cobalt (Co) and Molybdenum (Mo) in the periodic table.
Step 3: Analysis Cobalt (Atomic No. 27) belongs to the first transition series ($3d$). Molybdenum (Atomic No. 42) belongs to the second transition series ($4d$).
Step 4: Conclusion Therefore, Co is a $3d$ element and Mo is a $4d$ element.
Final Answer: (C)