Journalournalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOWs for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credw does grading work?9/7/22, 5:21 PMDATEFeedbackhttps://v2.cengagenow.com/in/takeAssignment/take AssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress-falseCheck My WorkFinal QuestionJob 301Work in ProcessFactory OverheadWages PayableJob 302Job 303JOURNALDESCRIPTIONCengageNOWv2 | Online teaching and learning resource from Cengage LeamingPOST. REF.DEBITCREDITa. Increase the work in process for the direct labor and factory overhead for the Indirect labor. Multiply each employee's rate by the hours worked.Cost of Goods Sold Work In Process Finished GoodsOOOOOShaded cells have feedback.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. Howwould the direct labor costs for all three jobs be reflected on the financial statements at the end of the week?Factory OverheadOⒸOOScore: 29/37O●XASSETSPoints:Shaded cells have feedback.ACCOUNTIN2/3Points:****>2/3LIABIL 9/7/22, 5:21 PMEntry for Factory Labor CostsInstructionsThe weekly time tickets indicate the following distribution of labor hours for three direct labor employees:Landon Vincent 9Fahad Hamad11Ivory ArgoProcessJob 301 Job 302 Job 303 Improvement1811213198Landon Vincent $35Fahad Hamad 36Ivory Argo2815CengageNOWv2 | Online teaching and leaming resource from Cengage LeamingHours20Chart of AccountsThe direct labor rate earned per hour by the three employees is as follows:3The 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. Refer to the chart of accounts for the exact wording of theaccount titles. CNOW journals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries.CNOW journals will automatically indent a credit entry when a credit amount is entered.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 theweek. How would the direct labor costs for all three jobs be reflected on the financial statements at the end of the week?https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=falseRequire du1/3

Name: Journalournalize the entry on July 15 to record the factory labor cos
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Description: Journalournalize the entry on July 15 to record the factory labor costs for the week. Refer to the chart of accounts for the exact wording of the account titles. CNOWs for journal explanations. Every line on a journal page is used for debit or credi