The gross earnings of the factory workers for Marigold Company during the month of January are $79,000. Of the total accumulated cost of factory labor, 84% is related to direct labor and 16% is attributable to indirect labor. (a) Record the factory labor costs for the month of January. (b) Assign factory labor to production. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Manufacturing Overhead Factory Labor Raw Materials Inventory i 79.000 $ Work in Process Inventory Vaughn Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15.600 and Work in Process Inventory of $3,920 and two jobs in process: Job No. 429 $2,490. and Job No. 430 $1,430. During May, the company incurred factory labor of $14,890. A summary of source documents reveals the following Materials Requisition Slips Labor Time Job Number Tickets 429 $2,710 430 4,040 431 4,730 $11.480 $13,590 General use 970 1.300 $12.450 $14,890 Vaughn Company applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 429 is completed during the month. (a & b) (a) Record the May 1 inventory balances and the factory labor incurred. nitioncies (21factory labor usage from time tickets, (3) the assignment of $2.230 3,500 7,860