Problem 18-2A 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. $ 30,250 7,500 11,800 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 37,350 107, 460 11,100 34,500 711,000 65,800 11,350 71,800 942,500 26, 200 31,800 78,400 36,000 4, 712,500 411,760 "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.) Product Cost Type of Product or Period Cost Cost Type of Period Cost Costs 1. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment 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 14. Rent expense-Selling space 15. Rent expense-Factory building 16 Maintenance expense-Factory equipment 17. Sales 18. Sales salaries expense