lomework Saved Help Save Problem 14-2A Classifying costs LO C2, C3 The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 34,000 9,000 10, 100 35,950 103,860 8,660 36,000 729,000 72,800 10,000 67,400 957,500 28,000 28,500 82,800 36,000 4,812,500 397, 360 Chec "Assume that the raw materials inventory account is used only for direct materials. Indirect materials are recorded in a factory supplies account Required: Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) Costs Product Cost or Period Cost Type of Product Cost Type of Period Cost 1. Advertising expense 2 Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense--Factory equipment 5 Factory supervision 6. Factory supplies used 7 Factory utilities 8. Direct labor 9. Indirect labor 10. Miscellaneous production costs 11 Office salaries expense 12 Raw materials purchases 13 Rent expense-Office space Check my wor 3 16 66 points Pent 1 Advertising experse 2 Depreciation expense-Office equipment 3. Depreciation expense-Selling equpment 4 Depreciation expense Factory equipment 5. Factory supervision 6. Factory supplies used 7. Factory utilities 8 Direct labor 9. Indirect labor 10 Miscellaneous production costs 11 Office salanes expense 12 Raw materials purchases 13 Rent expense Office Space 14 Rent expense-Seing space 15 Rent expense- Factory building 16 Maintenance expense Factory equipment 17 Sales 18 Sales salaries expense M