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6 Problem 14-2A Classifying costs LO C2, C3 1.7 points The following calendar year-end information is taken from the December 31, 2019, adjusted trial
6 Problem 14-2A Classifying costs LO C2, C3 1.7 points The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. eBook Advertising expense $ 30,250 Print References Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision 9,000 10,100 36,750 108,660 Factory supplies used (indirect materials) Factory utilities 8,350 38,700 Direct labor 711,000 Indirect labor 61,000 Miscellaneous production costs 11,125 Office salaries expense Raw materials purchases (direct) Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 74,000 997,500 23,800 28,800 82,400 43,500 4,512,500 411,760 Required: 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.) Costs Product Cost or Period Cost Type of Product Cost Type of Period Cost Check my work 3
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