problem 14-2A classifying costs LO C2

Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Problem 14-2A (Algo) Classifying costs LO C2 Required: Identify each cost as elther 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. (Leave no cell blank. Enter "NA Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.) Problem 14-2A (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 matefials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. (Leave no cell blank. Enter "NA Not a product cost" or "NA - Not a period cost" for expenses that are not product cost or period cost.)