The wees indicate the following distribution of labor hours for the direct labor employees Hours Job 301 Job 302 Job 303 Process Improvement 12 15 Tom Couro David Clancy 15 1 11 11 14 1 Jose Cano 13 11 15 - The direct labor rate camed per hour by the three employees is as follows: $32 Tom Couro David Clancy 35 Jose Cang 27 The process improvement Category includes training, quality improvement and other indirect tasks Required: A Joumalize the entry on Aly 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 3 remained incomplete at the end of the week How would the direct labor costs for all three jos de reflected on the rurcial statements at the end of the week? Previous Next Assignment Score: 46.74% Al work saved Emains Save and Sun Agnet for Grade CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 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 181 Land 191 Factory 192 Accumulated Depreciation Factory 710 Interest Expense LIABILITIES 210 Accounts Payable 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 A. Journalize the entry on July 15 to record the factory labor costs for the week JOURNAL ACCOUNTING EQ DATE DESCRIPTION POST REF DEBIT 1 LAUTIES 3 Previous Next Check My Work that 301 and 32-recome but not sold during the week and that Job 30s remained incomplete at the end of the week. How woul jobs berected on the financial statements at the end of the week Cost of Goods Sold Work In Process Finished Goods Factoy Overhead Job 300