Bergamo Bay's computer system generated the following trial balance on December 31, 2017 The companys 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 Payroll Payable) has not been recorded Debit Credit Cash $ 56,000 Accounts receivable 35,000 Raw materials inventory 22,500 Work in process inventory 0 Finished goods inventory 9,000 Prepaid rent 3,000 Accounts payable $ 10,000 Notes payable 13,000 Common stock 30,000 Retained earnings 77,000 Sales 177,500 Cost of goods sold 110,000 Factory overhead 28,000 Operating expenses 44,000 Totals $ 307,500 $ 307,500 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 Materials requisition 21 3010 $ 4,200 direct materials to Job 402 Materials requisition 21 3011 $ 7,500 direct materials to Job 404 Materials requisition 21 3012 $ 1,700 indirect materials Labor time ticket 6052 $ 3,000 direct labor to Job 402 Labor time ticket 6053 $ 10,000 direct labor to Job 404 Labor time ticket 6054 $ 2,000 indirect labor Jobs 402 and 404 are the only units in process at year end The predetermined overhead rate is 100 of direct labor cost Direct materials costs to Work in Process Inventory Direct labor costs to Work in Process Inventory Overhead costs to Work in Process Inventory Indirect materials costs to the Factory Overhead account Indirect labor costs to the Factory Overhead account Required 1 Prepare journal entries to assign the above costs Record direct materials costs for Jobs 402 and 404 Record direct labor costs for Jobs 402 and 404 Record the entry to allocate overheads to Jobs 402 and 404 at 100 of direct labor costs assigned Record entry to assign cost of indirect materials Record entry to assign cost of indirect labor

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Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The companys manager knows something is wrong with the trial balance because

Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The companys 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 Payroll Payable) has not been recorded.

		Debit		Credit
Cash	$	56,000
Accounts receivable		35,000
Raw materials inventory		22,500
Work in process inventory		0
Finished goods inventory		9,000
Prepaid rent		3,000
Accounts payable			$	10,000
Notes payable				13,000
Common stock				30,000
Retained earnings				77,000
Sales				177,500
Cost of goods sold		110,000
Factory overhead		28,000
Operating expenses		44,000
Totals	$	307,500	$	307,500

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.


Materials requisition 21-3010:	$	4,200	direct materials to Job 402
Materials requisition 21-3011:	$	7,500	direct materials to Job 404
Materials requisition 21-3012:	$	1,700	indirect materials
Labor time ticket 6052:	$	3,000	direct labor to Job 402
Labor time ticket 6053:	$	10,000	direct labor to Job 404
Labor time ticket 6054:	$	2,000	indirect labor

Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost.

Direct materials costs to Work in Process Inventory.
Direct labor costs to Work in Process Inventory.
Overhead costs to Work in Process Inventory.
Indirect materials costs to the Factory Overhead account.
Indirect labor costs to the Factory Overhead account.

Required: 1. Prepare journal entries to assign the above costs.

Record direct materials costs for Jobs 402 and 404.
Record direct labor costs for Jobs 402 and 404.
Record the entry to allocate overheads to Jobs 402 and 404 at 100% of direct labor costs assigned.
Record entry to assign cost of indirect materials.
Record entry to assign cost of indirect labor.