The net earnings of the factory workers for Larkin Company during the month of January are $88,000. The employer's payroll taxes for the factory payroll are $8,400. The fringe benefits to be paid by the employer on this payroll are $5,800. Of the total accumulated cost of factory labor, 84% is related to direct labor and 16% is attributable to indirect labor Prepare the entry to record the factory labor costs for the month of a) January (b) Prepare the entry to assign factory labor to production (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Factory Labor Debit Credit 102,200 Factory Wages Payable 88,000 Employer Payroll Taxes Payable 8,400 Employer Fringe Benefits Payable 5,800 (b) Work in Process Inventory 85,100 Manufacturing Overhead 17,100 Factory Labor 102,200