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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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