Accounting 2 Fill in the blanks, all answer options are given in the photos below
The following calendar year-end Information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company 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-Pactory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 34,000 9,250 10,500 33, 750 102,960 10,600 35,100 747,000 68,200 10,900 69,050 975,000 28,800 31,200 82,000 36,300 4,812,500 399,760 "Assume that the raw materials inventory account is used only for direct materials. Indirect materials are recorded in a factory supplies account. Required: Classify each of the costs as either a product or period cost. Then, classify each of the product costs as elther 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 1. Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense-Factory equipment 5. Factory supervision 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 Maintenance expense-Factory equipment 17 Sales 18 Sales salaries expense Product Cost or Period Cost Neither Period cost Product cost Type of Product Cost F Direct Labor Direct Materials Factory Overhead NA - Not a product cost Type of Period Cost General and Administrative expenses NA - Not a period cost Selling expenses