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The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office
The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-actory equipment Factory supervision Pactory supplies used (indirect materiale) Factory utilities Direct labor Indirect labor Miscellaneous production costs orice salaries expense Haw materials purchases (direct) Hent expense-Ofice space Hent expenselling space Hent expenso-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 2,750 7.250 8,600 33,550 102,600 7,350 33,000 675,480 56.875 3,425 6).000 925,000 22,000 26,100 76.800 35,000 4.462.500 Required: Classity each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, direct saboror factory overhead and each of the period costs as either soling or general and administrative expenses. (Leave no cell blank.) 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 or Period Cost Type of Product Cout Type of Period Coat Costs 1. Advertising expense 2. Depreciation expense Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense--Factory equipment 5. Factory supervision 6. Factory supplies used indirect materials) 7. Factory ubilities 8. Direct labor 9. Indirect labor 10 Miscellaneous production costs 11 Ofic salaries expense 12 Raw materials purchases (direct) 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
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