Bergamo Bay's computer system generated the following trial balance on December 31, 2017. 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 Payroll Payable) has not been recorded. Debit Credit Cash $ 67, 888 Accounts receivable 41,888 Raw materials inventory 25,588 Work in process inventory 8 Finished goods inventory 12,888 Prepaid rent 4,888 Accounts payable $ 18,188 Notes payable 13,188 Common stock 48,888 Retained earnings 98,888 Sales 189,388 Cost of goods sold 112,888 Factory overhead 29,888 Operating expenses 52,888 Tota1s $342, 588 $342, see 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. 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 21-3919: $ 4,899 direct materials to Job 492 Materials requisition 21-3911: $ 7,899 direct materials to Job 494 Materials requisition 21-3912: $ 2,999 indirect materials Labor time ticket 6952: $ 4,999 direct labor to Job 492 Labor time ticket 6953: $11,999 direct labor to Job 494 Labor time ticket 6954: $ 5,999 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. 2.1 Determine the revised balance of the Factory Overhead account after making the entries in part 1 using T-accounts. Determine whether there is any under- or overapplied overhead for the year. Revised Factory Overhead account Ending balance from trial balance Indirect materials 2,000 Indirect labor 5,000 7,000Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals