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

Advertising expense $ $28,750$

Depreciation expense$—$Office equipment $7,250$

Depreciation expense$—$Selling equipment $8,600$

Depreciation expense$—$Factory equipment $49,325$

Raw materials purchases $($all direct materials$)925,000$

Maintenance expense$—$Factory equipment $35,400$

Factory utilities $33,000$

Direct labor $675,480$

Indirect labor $159,475$

Office salaries expense $63,000$

Rent expense$—$Office space $22,000$

Rent expense$—$Selling space $26,100$

Rent expense$—$Factory building $76,800$

Sales salaries expense $392,560$  Identify each cost as either a product cost or a period cost. If it is a product cost, classify it as direct materials, direct labor, or factory overhead. If it is a period cost, classify it as a selling expense or a general and administrative expense.$$table$[[$Costs$,$Type of Product Cost,Type of Period Cost$],[1.$ Advertising expense$],[2.$ Depreciation expense$-$Office equipment$],[3.$ Depreciation expense$-$Selling equipment$],[4.$ Depreciation expense$-$Factory equipment$],[5.$ Raw materials purchases $($all direct materials$)],[6.$ Maintenance expense$-$Factory equipment$],[7.$ Factory utilities$],[8.$ Direct labor$],[9.$ Indirect labor$],[10.$ Office salaries expense$],[11.$ Rent expense$-$Office space$],[12.$ Rent expense$-$Selling space$],[13.$ Rent expense$-$Factory building$],[14.$ Sales salaries expense,,$]]$

 

1. Advertising expense Costs 2. Depreciation expense-Office equipment 3. Depreciation expense-Selling equipment 4. Depreciation expense-Factory equipment 5. Raw materials purchases (all direct materials) 6. Maintenance expense-Factory equipment 7. Factory utilities 8. Direct labor 9. Indirect labor 10. Office salaries expense 11. Rent expense-Office space 12. Rent expense-Selling space 13. Rent expense-Factory building 14. Sales salaries expense Type of Product Cost Type of Period Cost