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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

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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 equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used (indirect materials) Pactory utilities Direct labor Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases (direct) Hent expense office space Rent expense-selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense $ 33,250 8.750 10,100 36,950 103,560 9,850 36,900 720,000 70,300 10,450 71,250 960,000 28,000 30,000 79,600 44,100 4,512,500 406,160 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 labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) Costs Product Cost or Period Cost Type of Product Cost Type of Period Cost 1. Advertising expense 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 Contor Period Cost Type of Product Cost Type of Period Cost 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 utilities 8. Direct labor 9. Indirect labor 10. Miscellaneous production costs 11. Office 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 expenso

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