The weekly time tickets indicate the following distribution of labor hours for three direct labor employees:

The weekly time tickets indicate the following distribution of labor hours for three direct labor employ Hours Process Job 302 13 10 12 Job 303Improvement Job 301 10 11 13 3 Tom Couro David Clancy Jose Cano 12 16 13 2 The direct labor rate-earned per hour by the three employees is as tollows Tom Couro David Clancy Jose Cano $31 34 30 The process improvement category includes training, quality improvement, and other indirect tasks Required: A. Journalize the entry on July 15 to record the factory labor costs for the week Jose Cano 13 12 13 The direct labor rate earned per hour by the three employees is as tollows Tom Couro David Clancy Jose Cano $31 34 30 The process improvement category includes training, quality improvement, and other indirect tasks Required: A. Journalize the entay on July 15 to record the factory labor costs for the week B. Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end of the week How would the direct labor costs for all three jobs be refected on the tinancial statements at the end of the week? eck My Work SAMSUNG CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable EXPENSES 126 Interest Receivable 131 Materials 132 Work in Process 133 Factor Overhead 134 Finished Goods 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory710 Interest Expense Check My Work 181 Land 191 Factory 192 Accumulated Depreciation-Factory 560 Depreciation Expense-F 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payabl 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary eBook ulator Print item PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST, REF B. 8 Assume that Jobs 301 and 302 were completed but not sold during the week and that Job 303 remained incomplete at the end otthe week. How for all three jobs be retiected on the financial statements at the end of the week? would the direct labor costs Cost of Goods Sold Work In Process Finished Goods Factoy Overhead Job 301 Job 302 Job 303 Check My Work Next 11:10 SAMSUNG