Exercise 10-3A (Static) Classifying costs: Product or SG\&A cost; asset or expense LO 10-2 Required Use the following table to classify each cost as a product cost or an SG\&A cost. Also indicate whether the cost would be recorded as an asset or an expense. Assume product cost is defined by generally accepted accounting principles. The first item is shown as an example. (Select "Neither" if none of the categories apply.)