Problem 14-2B Classifying costs C2 The following year-end information is taken from the December 31 adjusted trial balance and other reoords of Best Bikes. \begin{tabular}{lr} Maintenance expense-Foctory & \\ equipment & 30,375 \\ Foctory utities & 37,500 \\ Diret labor & 562,500 \\ Indirect lobor & 180,500 \\ Ofice salaries expense & 70,875 \\ Rent expense - ofice space & 23,625 \\ Ronte expense-selling space & 27,000 \\ Rente xppense-Factory building & 93,500 \\ Sales salaries expense & 295,300 \\ \hline \end{tabular} Required \( \overline{\hline \text { Page } 569} \) Identify each cost as either a product coit or a period coat. If a product cost, classify it as direct materials, direct labor, or factory overhesd. If a period cost, classify it as a selling expense or a general and administrative expense