Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Job 301 Job 302 Job 303 Process Improvement Tom Couro 24 12 5 David Clancy B 16 13 Jose Cano 11 14 12 The direct labor rate earned per hour by the three employees is as follows: Tom Couro David Clancy Jose Cano $23 17 20 The process improvement category includes training, quality improvement, and other indirect tasks. a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank. Mack in Process Factory Overhead Wages Payable Chuck By Bok Increase the work process for the tabor and factory overhead for the indirect labor Multiply each employee's rate by the hours worked b. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 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?