lanufacturing and Income Statements Points The following calendar year-end information is taken from the December 31,2017 adjusted trial halanes and abler moravedo at I anme Pammans Required: 1. Classify each cost as either a product or a period cost. Provide total $ for product and for period. 2. Classify each product cost as either direct materials, direct labor, or factory overhead. 3. Classify each period cost as either selling expenses or general and administrative expenses