eBook Calculator Recording Factory Labor Costs A summary of the time tickets for January is as follows: Job No. Amount Job No. Amount 3467 $6,308 3478 $8,410 3470 3,176 3480 9,135 3471 10,411 3497 11,673 Indirect labor 19,720 3501 16,139 a. Determine the amounts of factory labor costs transferred to Work In Process and Factory Overhead for January Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead 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 Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders Equity Work in process Factory overhead Wages payable + No effect Check My Work Previous Next All work saved Email Instructor Save and it Submit Assignment for Grading Business vt doc Show A eBook Calculator Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead 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 ca outflows as negative amounts Balance Sheet Statement of Assets Cash Flows Liabilities Stockholders' Equity Work in process + Factory overhead Wages payable + No effect Statement of Cash Flows Income Statement No effect No effect Foto Check My Vio 3. Increase the balance of work-in-process by the amount of direct materials and the balance of factory overhead by the amount of indirect materials. b. Work-in-process plus factory overhead should be equal to the increase in wages payable. Check My Work Previous Next > All work saved Email Instructor Save and it Submit Assignment for Grading Business Lit docx Show All