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The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Improvement Job 560A Job 560B Job 560C

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The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Improvement Job 560A Job 560B Job 560C Eva Leavitt 15 15 6 4 Micah Stone 10 15 13 2 Travis Hendrix 12 14 10 4 The direct labor rate earned by the three employees is as follows: Leavitt $31 Stone 28 Hendrix 20 The process Improvement category includes training, quality improvement, housekeeping, and other indirect tasks. a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for the week. Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead b. Assume that Jobs 560A and 560B were completed but not sold during the week and that Job 560C remained incomplete at the end of the week. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week? Direct Labor Costs Job 560A would become part of finished goods inventory Job 560B would become part of finished goods inventory Job 5600 would remain part of work-in-process inventory

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