Recording Factory Labor Costs A summary of the time tickets for January is as follows: Job No. Amount Job No. Amount 3467 $5,916 3478 $7,888 3470 2,978 3480 8,568 3471 9,765 3497 10,948 Indirect labor 18,496 3501 15,137 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 Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity + + Statement of Cash Flows Income Statement