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Classify each of the costs using the table provided. Be sure to total the amounts in each column. If an amount box does not require
Classify each of the costs using the table provided. Be sure to total the amounts in each column. If an amount box does not require an entry, leave it blank. Direct materials is shown as an example.
Loring Company
1
Costs
Product Cost: Direct Materials
Product Cost: Direct Labor
Product Cost: Manufacturing Overhead
Period Cost: Selling Expense
Period Cost: Administrative Expense
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