Recording Issuing of Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 945 78 $29,744 Fiberglass Plastic 946 93 14,534 947 Glue Indirect 1,614 948 Wood 99 5,324 949 Aluminium 108 56,531 a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. Materials transferred to work in Process Materials transferred to Factory Overhead b. Illustrate the effect on the accounts and financial statements of the materials transferred in (o). 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. terials transferred to Factory Overhead Illustrate the effect on the accounts and financial statements of the materials transferred in (a), o account or activity is affected, select "No effect from the drop-down list and leave the corresponding number entry box titank. Enter account decreases cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Assets Llabilities Stockholders Equity Materials + Work in process Factory overhead No effect No effect O X 0 x 0 o Statement or Cash Flows Income Statement No effect O No effect