rend information is taken from the December 312017 adjusted

r-end information is taken from the December 31,2017, adjusted trial wing ca lloords of Leone Company. Classifying costs C2 C3 8,425 uetion expense-Offce equipment .. expense-selling equipment. … expense-Factory eqipmet 925,000 33,550 Rent 22,000 26.100 es used .7,350 Rent expense-Factory building... 76,800 33,000 Maintenance expense-Factory equipment35,400 675,480 Sales 4,462,500 abor. 56,875 t, Clasify each cost as either a product or period cost. each product cost as either direct materials, direct labor, or factory overhead. each period cost as either selling expenses or general and administrative expenses Clsity

Solution

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3).

Particulars	Period Costs	Product Costs
Advertising Expense	$28750
Dep. Exp. - Office Equipment	$7250
Dep. Exp. - Selling Equipmnt	$8600
Dep. Exp. - Factory Equipment		$33550
Factory Supervision		$102600
Factory Utilities		$33000
Direct Labor		$675480
Indirect Labor		$56875
Miscellaneous Production Costs		$8425
Office Salaries Expense	$63000
Raw Materials Purchases		925000
Rent Expense - Office Space	$22000
Rent Expense - Selling Space	$26100
Rent Expense - Factory Building		$76800
Maintenance Expense - Factory Equipment		35400
Sales	-	-
Sales Salaries Expense	$392560
Factory Supplies Used		$7350
Total Cost	$548260	$1954480