Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours 20 6 5 Job 301 Job 302 Job 303 Process Improvement Tom Couro 8 David Clancy 10 13 15 5 Jose Cano 12 12 10 5 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $24 David Clancy 19 Jose Cano 22 The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks. (Note: Ignore any overtime ses, if applicable) 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 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 lobor costs for the completed jobs would become part of the The direct labor costs for Job 303 would be remain part of the