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Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy cameras for remote-controlled military

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Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy cameras for remote-controlled military reconnaissance aircraft. The company, which is privately owned, has approached a bank for a loan to help finance its growth The bank requires financial statements before approving the loan. Required Classity each cost listed below as either a product cost or a period cost for the purpose of preparing financial statements for the bank. ook 1. Depreciation on salespersons cars 2. Rent on equipment used in the factory 3. Lubricants used for machine maintenance 4. Salaries of personnel who work in the finished goods warehouse. 5, Soap and paper towels used by factory workers at the end of a shit 6. Factory supervisors' salaries 7. Heat, water, ard power consumed in the factory 8 Materials used for boxing products for shipment overseas. (Units are not normally boxed ) 9 Advertising costs. 10. Workers compensation insurance for factory employees 11. Dep-eciation on chairs and tables in the factory lunchroom 12. The wages of the receptionist in the administrative offices 13. Cost of leasing the corporate jot used by the company's execulives 14 The cost of renting rooms at a Florida resort for the annual sales conference. 15 The cost of packaging the company's product

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