Accounfing Lab (Week 10) - Ch1s Introduction to Managerial Acconnting (cont'd) Exercise (1) ICO Paper Manufacturer incurred the folloning costs in 2020. Classify each type cost as either a Product cost or a Period cost. Requirement: Classify each of the following cost as either a Product Cost or Period Cost. Instruction: To classify the cost, type "Prodact Cost" or "Period Cost" directly in the cells. Exercise \#2) Consider the following partially completed Schedules of Cost of Goods Manufactured for Banner, Inc., Larry's Bakery and Sports Gear, Inc. Use excel functions to calculate the seven missing amounts highlighted in blue (refer to an example in the cell highlighted Requirement: Use excel functions to calculate the seven missing amounts in the COGM schedules for Banner, Inc., Larry's Bakery and in yellow). Sports Gear, Inc. Instructions: 1) Use plus and minus functions as needed to arrive at answers; 2) use SUM function to arrive at subtotals and total amounts whenver possible; 3) format dollar amounts with the accounting function, use dollar sign for the total amount and the first amount in each colamn, and 4) bold and format double underline the total Cost of Goods Manufactured amounts. Accounfing Lab (Week 10) - Ch1s Introduction to Managerial Acconnting (cont'd) Exercise (1) ICO Paper Manufacturer incurred the folloning costs in 2020. Classify each type cost as either a Product cost or a Period cost. Requirement: Classify each of the following cost as either a Product Cost or Period Cost. Instruction: To classify the cost, type "Prodact Cost" or "Period Cost" directly in the cells. Exercise \#2) Consider the following partially completed Schedules of Cost of Goods Manufactured for Banner, Inc., Larry's Bakery and Sports Gear, Inc. Use excel functions to calculate the seven missing amounts highlighted in blue (refer to an example in the cell highlighted Requirement: Use excel functions to calculate the seven missing amounts in the COGM schedules for Banner, Inc., Larry's Bakery and in yellow). Sports Gear, Inc. Instructions: 1) Use plus and minus functions as needed to arrive at answers; 2) use SUM function to arrive at subtotals and total amounts whenver possible; 3) format dollar amounts with the accounting function, use dollar sign for the total amount and the first amount in each colamn, and 4) bold and format double underline the total Cost of Goods Manufactured amounts