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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 $ 31,750

The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.

Advertising expense $ 31,750
Depreciation expenseOffice equipment 8,750
Depreciation expenseSelling equipment 11,700
Depreciation expenseFactory equipment 34,950
Factory supervision 107,760
Factory supplies used (indirect materials) 11,600
Factory utilities 37,500
Direct labor 690,000
Indirect labor 64,800
Miscellaneous production costs 9,775
Office salaries expense 65,200
Raw materials purchases (direct) 930,000
Rent expenseOffice space 23,200
Rent expenseSelling space 31,500
Rent expenseFactory building 77,200
Maintenance expenseFactory equipment 35,400
Sales 4,762,500
Sales salaries expense 400,560

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.)

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assify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, dir bor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell bl Product Cost or Costs Type of Product Cost Type of Period Cost Period Cost Advertising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment Depreciation expense-Factory equipment 4 5. Factory supervision 6. Factory supplies used (indirect materials) 7. Factory utilities Direct labor 8. Indirect labor 9. 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 expense 11 of 12 ... ASUS

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