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Determine the amounts of factory labor costs transferred

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Question - Recording Factory Labor Costs

A summary of the time tickets for January is as follows:

Job No. Amount Job No. Amount

3467 $7,090 3478 $9,454

3470 $3,570 3480 $10,269

3471 $11,703 3497 $13,122

Indirect labor 22,168 3501 18,142

Required -

a. Determine the amounts of factory labor costs transferred to Work in Process and Factory Overhead for January.

b. Illustrate the effect on the accounts and financial statements of the factory labor costs transferred in (a).

Reference no: EM132726951

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