Required 1. Identify and classily each of the costs above as either a product or period cost 2. Classily each of the product costs as either direct materials, direct labor, or factory overhead 3. Classify each of the period costs as either selling or general and administrative expenses. Costs Advertising expense Depr. expense-Office equip. Depr. expense-Selling equip. Depr. expense-Factory equip. Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor Misc. production costs Office salaries expense Raw materials purchases Rent expense-Office space Rent expense-Selling space Rent expense-Factory bldg. Maint. expense-Factory equip