Answer fully and clearly. Provide formulas if used etc... thanks

Exercise 1-3B Classifying costs: product or SG&A cost; asset or expense LO 1-2 Required Use the following table to classify each cost as a product cost or as an SG&A cost. Also indicate whether the cost would be recorded as an asset or an expense. Assume that product costs are defi in accordance with GAAP. The first cost item is shown as an example