The following calendar year-end information is taken from the December 31, 2017, adjusted trial balance and other records of Leone Company. 15 34,000 8,750 Advertising expense Depreciation expense-oftice equipment. Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Direct labor Indirect labor 11,100 39,950 pints 104,460 10,100 35,100 678,000 58,200 8,650 63,550 950,000 29,400 29,400 20, Skipped Miscellaneous production costs office salaries expense Rav materials purchases Rent expense-office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense eBock Print References 77,200 40,500 4,862,500 408,560 "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 labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell blank.) Assume that the raw materials inventory account is used only for direct materials. Indirect materials are recorded in a lactoly sup account 15 Required: Classify each of the costs as either a product or period cost. Then, classify each of the product costs as either direct materials, dire- labor, or factory overhead and each of the period costs as either selling or general and administrative expenses. (Leave no cell bla Product Cost or Period Cost Type of Period Cost oints Type of Product Cost Costs 1. Adverising expense 2. Depreciation expense-Office equipment 3. Depreciation expense-Seling equipment 4. Depreciation expense-Factory equipment 5 Factory supervision 6. Factory supplies used 7. Factory ublities 8 Direct labor 9. Indirect labor Skipped ellook Print References 10. Miscellaneous production costs 11. Office salaries expense 12. Raw materials purchases 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