71014 Required information [The following information applies to the questions displayed below) Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded. Credit Print Debit $ 80,000 49,000 29,500 3 9,000 3.000 References Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Connon stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 11,300 14,300 30,000 81,000 208.900 107.000 28.000 40.000 5345, 560 $345.500 Help Save & Saved Chapter 15 Homework CH 9 After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Part 10 Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21:3012: Labor tine ticket 6052 Labor tine ticket 6053 Labor time ticket 60545 $ 4,300 direct materials to Job 402 $ 7.100 direct materials to Job 404 $ 1.900 indirect materials $ 6.000 direct labor to Job 402 $14.000 direct labor to Job 404 $ 5.000 indirect labor 10 Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. a. Direct materials costs to Work in Process Inventory b. Directiobor costs to Work in Process Inventory c. Overhead costs to Work in Process inventory d. Indirect materials costs to the Factory Overhead account e. Indirect labor costs to the Factory Overhead account Required: 1. Prepare journal entries to assign the above costs 71014 Required information [The following information applies to the questions displayed below) Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded. Credit Print Debit $ 80,000 49,000 29,500 3 9,000 3.000 References Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Connon stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 11,300 14,300 30,000 81,000 208.900 107.000 28.000 40.000 5345, 560 $345.500 Help Save & Saved Chapter 15 Homework CH 9 After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Part 10 Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21:3012: Labor tine ticket 6052 Labor tine ticket 6053 Labor time ticket 60545 $ 4,300 direct materials to Job 402 $ 7.100 direct materials to Job 404 $ 1.900 indirect materials $ 6.000 direct labor to Job 402 $14.000 direct labor to Job 404 $ 5.000 indirect labor 10 Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. a. Direct materials costs to Work in Process Inventory b. Directiobor costs to Work in Process Inventory c. Overhead costs to Work in Process inventory d. Indirect materials costs to the Factory Overhead account e. Indirect labor costs to the Factory Overhead account Required: 1. Prepare journal entries to assign the above costs