Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Job 301 Hours Hours Hours Process Job 302 Job 303 Improvement Tom Couro 22 12 7 David Clancy 11 17 15 3 Jose Cano 11 17 11 3 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. Account Debit Credit 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? The direct labor costs for the completed jobs would become part of the The direct labor costs for Job 303 would be remain part of the