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

Advertising expense	$ 30,000
Depreciation expenseOffice equipment	9,000
Depreciation expenseSelling equipment	10,000
Depreciation expenseFactory equipment	52,000
Raw materials purchases (all direct materials)	620,000
Maintenance expenseFactory equipment	36,600
Factory utilities	33,400
Direct labor	408,000
Indirect labor	61,000
Office salaries expense	37,000
Rent expenseOffice space	22,000
Rent expenseSelling space	53,000
Rent expenseFactory building	127,000
Sales salaries expense	305,000

Problem 18-2A (Algo) Classifying costs LO C2

Required: Identify each cost as either a product cost or a period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense.