Question: 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

 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.

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.) 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 14-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Prepare the schedule of cost of coods manufactured for the current year. Drenare the rurrent vear income statement

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