Problem 18-2A Classifying costs C2 The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 28,750 Direct labor $675,480 Depreciation expense-Office equipment... Depreciation expense-Selling equipment. Depreciation expense-Factory equipment... Raw materials purchases (all direct materials). Maintenance expense-Factory equipment Factory utilities. 7,250 Indirect labor 159,475 8,600 Office salaries expense.. 63,000 49,325 Rent expense-Office space. 22,000 925,000 Rent expense-Selling space 26,1001 35,400 33,000 Rent expense-Factory building.... Sales salaries expense.. 76,800 392,560 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.