Textbook Problem

For apparel manufacturer Abercrombie & Fitch, Inc. (ANF), classify each of the following costs as either a product cost or a period cost:

1. a. Advertising expenses
2. b. Chief financial officer’s salary
3. c. Depreciation on office equipment
4. d. Depreciation on sewing machines
5. e. Fabric used during production
6. f. Factory janitorial supplies
7. g. Factory supervisors’ salaries
8. h. Property taxes on factory building and equipment
9. i. Oil used to lubricate sewing machines
10. j. Repairs and maintenance costs for sewing machines
11. k. Research and development costs
12. l. Sales commissions
13. m. Salaries of distribution center personnel
14. n. Salaries of production quality control supervisors
15. o. Travel costs of media relations employees
16. p. Utility costs for office building
17. q. Wages of sewing machine operators