A summary of time tickets for July follows: Description Amount Description Amount Job No. 320 $10,000 Job No. 340 $2,000 Job No. 328 3,500 Job No. 345 6,600 Job No. 335 5,000 Indirect Labor 3,000 Make the journal entries to record: (a) the labor cost incurred--(5 points) (b) the application of factory overhead to production for July. The factory overhead rate is 60% of direct labor cost.--(5 points) 1 A B I ELE