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Help solve The following and other records of Leone Company year-end information is taken from the December 31, 2015, adjusted trial balance Advertising expense Depreciation
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The following and other records of Leone Company year-end information is taken from the December 31, 2015, adjusted trial balance Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expens0 Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor S28,750 7,250 8,600 33,550 102,600 7,350 33,000 675,480 56,875 8,425 63,000 925,000 22,000 26,100 76,800 35,400 4,462 500 392 560 eous production costs Office salaries expense space ing space Rent ex Rent expense-Factory building e expense-Factory equipment Sales salaries expense Assume that the raw materials inventory account is used only for dhirect materials Indirect materials are recorded in a factory supplies account Required 1, 2 & 3. Classity each of the costs as either a product or period cost Then, classity each of the product period costs as costs as either direct either selling or general and administrative expenses. (Leave no cell blank Step by Step Solution
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