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