Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.) The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-Office equipment $ 62,000 41,000 Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense. Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense. 42,000 84,000 940,000 46,200 39,800 536,000 80,000 48,000 29,000 70,000 168,000 403,000 Problem 1-2A (Algo) Classifying costs LO C2 Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA- Not a product cost" or "NA Not a period cost" for expenses that are not product cost or period cost.) Costs Tune of Product Cost. Tune of Parind Cost Problem 1-2A (Algo) Classifying costs LO C2 Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA- Not a product cost" or "NA-Not a period cost" for expenses that are not product cost or period cost.) Costs Type of Product Cost 1. Advertising expense 2. Depreciation expense-Office equipment 3 Depreciation expense-Selling equipment 4. Depreciation expense-Factory equipment 5 Raw materials purchases (all direct materials) 6. Maintenance expense-Factory equipment 7 Factory ubities 8 Direct labor 9. Indirect labor 10 Office salaries expense 11. Rent expense-Office space 12 Rent expense-Selling space 13 Rent expense-Factory building 14 Sales salanes expense Direct Labor Direct Materials Factory Overhead NA Not a product cost Type of Period Cost