12 Part 2 of 4 8 points Required information Problem 19-3A (Algo) Computing and recording job costs; preparing income statement and balance sheet LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work in Process Inventory. and the accrued factory payroll (Factory Wages Payable) has not been recorded. Cash ebook Pot Beferences Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes Common stock Retained earnings (prior year) Sales Cost of goods sold factory overhead General and adeinistrative expenses Totals Debit Credit $ 66,000 35,000 22,500 12,000 4,000 $10,000 13,000 40,000 93,000 172,500 111,000 26,000 $2,000 $329,500 $128,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10 Materials requisition 11: Materials requisition 12 14,100 direct materials to Job 4021 $7,900 direct materials to Job 404 $1,600 indirect materials 52,000 2 General and administrative expenses Totals $ 328,500 2 of 4 tis eflook P eferences $ 328,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52:1 Labor time ticket 53: Labor time ticket 54: $ 4,100 direct materials to Job 4021 $ 7,900 direct materials to Job 404 $1,600 indirect materials $6,000 direct labor to Job 402 $ 14,000 direct labor to Job 404 $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 150% of direct labor cost. Problem 19-3A (Algo) Part 2 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over-or underapplied overhead. 2-b. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 2A Req 28 In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over or