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Recording Factory Labor Costs A summary of the time tickets for January is as follows: Job No. Amount Job No. Amount 3467 $5,916 3478 $7,888 3470 2,978 3480 8,568 3471 9,765 3497 10,948 Indirect labor 18,496 3501 15,137 a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for January Factory labor costs transferred to Work in Process Factory labor costs transferred to Factory Overhead

Answer 1

(a) The amounts of factory labour costs transferred to Work in procen and factory over wad for January Factory labor costs transferred to work in procen. (Dirut labor cost is taken into consideration while calculating WIP) 3471 Amount Job No 3467 $5916 3470 $2978 $ 9765 $ 7888 3478 3480 $8568 3497 $10948 $ 15137 3501 $61,200 Factory labour costs transferred to Factory Overhead, Indirect labour cost $18,946 Liabilities + + Stockholde equity (b) Assets No offer Irages payable l $ 80146 Statement of cash How Income statement Expense $180146) No effe