Answer:Please see answers in explanation column
Explanation:
a) Journal to record factory labor cost
Account titles and explanation Debit Credit
Factory Labor $480,000
Factory wages payable $400,000
Employer payroll taxes payable $80,000
Factory Labor=Factory wages payable+Employer payroll taxes payable
= $400,000 + $80,000 =$480,000
b) Journal to transfer factory labour to production
Account titles and explanation Debit Credit
Work in process inventory(480,000 x 75%) $360,000
Manufacturing Overhead(480,000 x 25%) $120,000
Factory Labor $480,000
