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Financial statement classification Babineaux Company incurred the following costs in May 2013: Paid a six-month (May through October) premium for insurance of company headquarters, $18,600.

Financial statement classification

Babineaux Company incurred the following costs in May 2013:

Paid a six-month (May through October) premium for insurance of company headquarters, $18,600.

Paid $1,000 fee for a salesperson to attend a seminar in July.

Paid three months (May through July) of property taxes on its factory building, $15,000.

Paid a $10,000 bonus to the company president for his performance during May 2013.

Accrued $20,000 of utility costs, of which 40 percent was for the headquarters and the remainder was for the factory.

a. What expired period costs are associated with the May information? $

b. What unexpired period costs are associated with the May information? $

c. What product costs are associated with the May information? $

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