Given below is a list of costs associated with making a pair of Nike shoes. Some of these costs would be classified as product costs and some as period costs. Use the schedule below to indicate which costs would be product and which would be period. Production Materials $9.00
Factory rent 1.00
Factory machine maintenance 0.60
Administrative costs 0.75
Factory utilities 0.40
Production labor 2.75
Duties on shipments out 3.00
Factory maintenance workers 0.70
Shipping costs for materials 0.50
Labor supervision 0.30
Total $19.00

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)