Costs Product Cost Period Cost DM DL FOH Selling Exp Gen& Admin Exp Advertising Expense Depr. Expense-Office equip Depr. Expense-Selling equip Depr. Expense-Factory equip Factory Supervision Factory supplies used Factory utilities Direct labor Indirect labor Misc. production costs Office salaries expense Raw materials purchases Ren 10 12 13 14 15 16 18 19 20 t expense-Office space Rent expense-Selling space Rent expense-Factory equip Maint. Expense-Factory equip. Sales salaries expense 23 24 25 26 27 28 29 30 (1) Classify each cost as either product or period. Indicate your answer with X. The first line iscompleted for you. (A)Classify product costs as direct materials (DM)direct labor(DL)or factory overhead (OH) (B) Classify period costs as either selling or general and administrative