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The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-Office

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The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company 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 bullding Maintenance expense-Factory equipment Sales Sales salaries expense $ 28,750 8,000 10,600 33,550 103,860 7,600 39,000 741,000 66,600 9,325 66,300 975,000 23,800 27,900 88,800 43,200 4,862,500 393,360 "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 Tabor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) labor, or factory overhead and each of the period costs as either selling or general and administrative expenses (Leave no cell b Costs Product Cost or Period Cost Type of Product Cost Type of Period Cost 1 Advertising expense 2. Depreciation expense-Office equipment 3 Depreciation expense-Selling equipment 4 Depreciation expense-Factory equipment 5 Factory supervision G Factory supplies used 7 Factory utilities 8. Direct labor 9. Indirect labor 10 Miscellaneous production costs 11 Oflice salaries expense 12 Raw materials purchases 13 Rent expense Office space 10 Rent expense-Selling space 15 Rent expense. Factory building 16 Maintenance expense-Factory equipment 17 Sale 18 Sales salaries experto

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