A summary of employee time records for September is as follows:

Job No.	Amount	Job No.	Amount
4467	$8,450	4478	$30,521
4470	18,844	4480	34,138
4471	15,954	4497	22,393
Indirect labor	23,660	4501	6,084

a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for September.

Line Item Description	Amount
Factory labor costs transferred to Work in Process	$fill in the blank 1
Factory labor costs transferred to Factory Overhead	$fill in the blank 2

b. Illustrate the effect on the accounts and financial statements of the factory labor costs transferred in (a).

If no account or activity is affected, select "No effect" from the drop-down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.

	Assets Accounts payableCashWork in processNo effectCash	+	Assets Factory overheadMaterialsWages payableNo effectMaterials	=	Liabilities Accounts payableFactory overheadWages payableNo effectAccounts payable	+	Stockholders' Equity Capital stockFactory overheadRetained earningsNo effectRetained earnings
fill in the blank 7		fill in the blank 8		fill in the blank 9		fill in the blank 10
Statement of Cash Flows		Income Statement
FinancingInvestingOperatingNo effect	fill in the blank 12		Cost of merchandise soldSalesNet incomeNo effect	fill in the blank 14