Question

The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used (indirect materials) Factory utilities Direct labor Indirect labor Miscellaneous production costs office salaries expense Raw materials purchases (direct) Rent expense-office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 31,750 8,750 11,500 36,550 109.860 11, 350 38,400 708,000 60,800 8,875 74,550 927,500 24, 200 29,700 81. 200 38, 400 4,812,500 410,960

Answer 1

Costs	Product Cost or Period Cost	Type of Product Cost	Type of Period Cost
1	Period Cost	N/A	Selling Expense
2	Period Cost	N/A	General & Admin. Expense
3	Period Cost	N/A	Selling Expense
4	Product Cost	Factory overhead	N/A
5	Product Cost	Factory overhead	N/A
6	Product Cost	Factory overhead	N/A
7	Product Cost	Factory overhead	N/A
8	Product Cost	Direct Labor	N/A
9	Product Cost	Factory overhead	N/A
10	Product Cost	Factory overhead	N/A
11	Period Cost	N/A	General & Admin. Expense
12	Product Cost	Direct Labor	N/A
13	Period Cost	N/A	General & Admin. Expense
14	Period Cost	N/A	Selling Expense
15	Product Cost	Factory overhead	N/A
16	Product Cost	Factory overhead	N/A
17	N/A	N/A	N/A
18	Period Cost	N/A	Selling Expense