Job 301 Job 302 Tom Couro 24 14 8 18 13 5 13 15 9 6 Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees Hours Process Job 303 Improvement 5 5 David Clancy Jose Cano The direct labor rate eamed per hour by the three employees is as follows: Tom Couro $16 David Clancy 24 Jose Cano 20 The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks. (Note: Ignore any overtime issues of applicable.) a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, Inove it blank Work in Process Factory Overhead Wages Payable X 2.364 Cost or Materials issuances Under the FIFO Method An incomplete subsidiary ledger of materials inventory for May is as follows: a. Complete the materials issuances and balances for the materials subsidiary ledger under Firo. Received Issued Receiving Materials Unit Report Quantity Requisition Quantity Amount Price Number Number Balance Date Quantity Unit price Amount May 1 240 $7 $1,650 25 170 $9 May 4 LO 102 270 May 10 31 110 11 May 21 115 160 May 27 Che W a Cote te amount of each easing From the Balance section par achterentunt price and its quantity b. Determine the materials inventory balance at the end of May