Material issued for the current month are as follows: a. Determine the amount of materials transferred to Work in Process and Factory Overhead for the current month. Materials transferred to Work in Process Materials transferred to Factory Overhead b. Illustrate the effect on the accounts and financial statements of the materials transferred in (a). If no account or activity is affected, select "No effect" from the drop down list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts