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GSA Asset

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Exercise 10-3 Classifying costs: product or G, S, & A/asset or expense

Use the following format to classify each cost as a product cost or a general, selling, and administrative
(G, S, & A) cost. Also indicate whether the cost would be recorded as an asset or an
expense. The first item is shown as an example.

Cost Category
Research and development costs
Cost to set up manufacturing facility
Utilities used in factory
Cars for sales staff
Distributions to stockholders
General office supplies
Raw materials used in the manufacturing process
Costs to rent office equipment
Wages of production workers
Advertising costs
Promotion costs
Production supplies
Depreciation on administration building
Depreciation on manufacturing equipment

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