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. Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals Debit Credit $ 72,000 41,000 25,500 0 12,000 4,000 $ 9,900 12,900 40,000 87,000 169,700 103,000 25,000 37,000 $319,500 $319,500 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: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054: $ 4,200 direct materials to Job 402 $ 7,500 direct materials to Job 404 $ 1,600 indirect materials $ 7,000 direct labor to Job 402 $13,000 direct labor to Job 404 $ 5,000 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. Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 2 2 3 3 4 5 Record direct materials costs for Jobs 402 and 404. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 23 4 5 Record direct labor costs for Jobs 402 and 404. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet Record the entry to allocate overhead to Jobs 402 and 404. Note: Enter debits before credits. General Journal Debit Transaction C. Credit Record entry Clear entry View general Journal Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 2 3 4 5 Record entry to assign cost of indirect materials. Note: Enter debits before credits. General Journal Debit Transaction d. Credit Record entry Clear entry View general journal Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 2 3 4 5 Record entry to assign cost of indirect labor. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
