Cost Flow Relationships The following information is available for the rst month of operations of Makin' It Inc... a manufacturer of arts and craft items: Sales $392,630 Gross prot 228,90E Indirect labor 35,20E Indirect materials 42,60E Other factory.r overhead 12,96E Materials purchased 120,932 Total manufacturing costs for the period 225,?6E ) Materials inventory, end of period 16,10E Using the above information, determine the following: 3. Cost of goods sold: 5 b. Direct materials cost: 5 c. Direct labor cost: S M Recording Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Job 560A Job 560B Job 560C Improvement Eva Leavitt 19 13 9 Micah Stone 10 15 16 Travis Hendrix 13 17 8 5 The direct labor rate earned per hour by the three employees is as follows: Leavitt $16 Stone 24 Hendrix 20 The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks. a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the week. Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead b. Assume that Jobs 560A and 560B were completed but not sold during the week and that Job 560C remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week? Direct Labor Costs Job 560A Job 560B Job 560C