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14 Help Seve &E The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company.
14
Help Seve &E The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Che Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 34,eee 9,000 11,200 38,350 186,260 10,35e 34,288 726,000 7e,680 9,180 66,858 975,000 23,880 27,600 83,600 40,200 4,712,58 486,968 Assume that the raw materials inventory account is used only for direct materials.Indirect materials are recorded in a factory supplies account Next > Prev 1of 3 o search Help Save Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct labor, or factory overhead and each of the period costs as either selling or general and administrative expenses.(Leave no cell blank) t Cost or 1. Advertising expense Period Cost Type of Product Cost Type of Period Cost ed 3. Depreciation expense Selling equipment 4. Depreciation expense-Factory equipment 5. Factory supervision ok 6. Factory supplies used 7. Factory utilities 8. Direct labor 9. Indirect labor 10 Miscellaneous production costs 11 Office salaries expense 12, Raw materials purchases 13 Rent expense-Office space 14 Rent expense-Selling space 15,Rent expense-Factory building 16 17 Sales expense-Factory equipment 18 Sales salaries expense Prev 1 of 3l Next> ere to search Step by Step Solution
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