The following calendar year-end information is taken from the March 31, 2015 adjusted trial balance and other records of Leone Company. Advertising expense $28,750 Rent expense, office space $22,000 Depreciation expense, office equipment $7,250 Rent expense, selling space $26,100 Depreciation expense, selling equipment $8,600 Rent expense, factory building $76,000 Depreciation expense, factory equipment $33,550 Sales $4,462,500 Factory supervision $102,600 Sales salaries expense $392,560 Factory supplies (indirect materials) $7,350 Income tax expense for year $233,725 Factory utilities $33,000 INVENTORIES: Direct labor $675,000 Raw Materials, Jan 1 $166,850 Indirect labor $56,875 Raw Materials, Dec 31 $182,000 Miscellaneous production costs $8,425 Works-in-Process, Jan 1 $15,700 Office salaries expense $63,000 Works-in-Process, Dec 31 $19,380 Raw materials purchased $925,000 Finished Goods, Jan 1 $167,350 Maintenance expense, factory equipment $35,400 Finished Goods, Dec 31 $136,490 REQUIREMENTS: 1. Identify and classify each of the costs above as either a product or period cost. 2. Classify each of the product costs as either direct materials, direct labor, or factory overhead. 3. Classify each of the period costs as either selling or general and administrative expenses