Recording Issuing of Materials Materials issued for the current month are as follows: a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. b. Iliustrate the effect on the acoounts and financial statements of the materials 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