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3 Part 3 of 4 1.87 points Skipped eBook Print 014 References Required information [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 Accounts receivable Rav materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Sotes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Zactory overhead General and administrative expenses Totals Debit $ 73,000 Credit 42,000 26,000 12,000 4,000 $ 10,600 13,600 40,000 5,000 172,000 101,000 26,000 38,000 $322,000 $322,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10, Materials requisition 12 Materials requisition 121 Labor Line ticket $2 Labor tine ticket 5 Labor tine ticket 541 $ 4,800 direct materials to Job 402 57.500 direct materials to Job 4041 5 2,400 Indirect materials 56,000 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 3 Part 3 of 4 1.87 points Skipped eBook Print 014 References Required information [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 Accounts receivable Rav materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Sotes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Zactory overhead General and administrative expenses Totals Debit $ 73,000 Credit 42,000 26,000 12,000 4,000 $ 10,600 13,600 40,000 5,000 172,000 101,000 26,000 38,000 $322,000 $322,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10, Materials requisition 12 Materials requisition 121 Labor Line ticket $2 Labor tine ticket 5 Labor tine ticket 541 $ 4,800 direct materials to Job 402 57.500 direct materials to Job 4041 5 2,400 Indirect materials 56,000 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
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