2 Required Use the following table to classify each cost as a product cost or an SG&A cost. Also indicate whether the cost would be recorded as an asset or an expense. Assume product cost is defined by generally accepted accounting principles. The first item is shown as an example. (Select "Neither" if none of the categories apply.) Product/SG&A Product cost Asset/Expense Asset oints eBook Pent References Cost Category Wages of production workers Advertising costs Promotion costs Production supplies Depreciation on administration building Depreciation on manufacturing equipment Research and development costs Cost to set up manufacturing equipment Utilities used in manufacturing facility Cars for sales staff Real estate tax levied on a factory General office supplies Raw materials used in the manufacturing process Cost to rent office equipment 3. Required Finch Corporation recognized accrued compensation cost. Use the following model to show how this event would affect the company's financial statements under the following two assumptions: (1) the compensation is for office personnel and (2) the compensation is for production workers. Use the letter for increase or the letter for decrease to show the effect on each element. If an element was not affected by the event, leave the cell blank. ints Balance Sheet Liab. Stockholders' Equity Income Statement Exp. - Net Inc. Statement of Cash Flows Assets Rev. eBook 1 Print 2 References