Recording Factory Labor Costs A summary of the time tickets for January is as follows:

Recording Factory Labor Costs A summary of the time tickets for January is as follows: Job No 3467 3470 3471 Amount Job No.Amount 3478 3480 3497 3501 $6,829 3,438 11,273 21,352 $9,106 9,891 12,638 17,474 Indirect labor 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. 49,109X 21,352 Balance Sheet Statement of Stockholders Assets Liabilities Cash Flows Equity Work in processFactory overheadWages payable + No effect 49,109X 21,352 Statement of Cash Flows Income Statement No effect No effect Feedback Check My Work a. 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