Identifying Research and Development Costs Determine whether the following items would be classified in the financial statements of Jackson Co: as research and development expense or operating expense. Item Amount Classification 1 Stories yees working on the modification of product design $48.000 z Cost of materia durms work on the modification of a product 5.000 suf amployees working on the improvement of an.com 60.000 starch and developerspenie Operating pen Previous 3 Save Answers