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 Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses Totals Debit $ 66,000 Credit 35,000 22,500 e 15,000 5,000 $ 9,700 12,700 50,000 93,000 149,100 100,000 27,000 44,000 $ 314,500 $ 314,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: $ 4,300 direct materials to Job 402 $ 7,400 direct materials to Job 404 $ 1,700 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 jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost. Problem 15-3A (Algo) Part 1 a. Direct materials. Problem 15-3A (Algo) Part 1 a. Direct materials. b. Direct labor. c. Overhead applied. d. Indirect materials. e. Indirect labor. Required: 1. Use the document information above to prepare journal entries for the above costs. View transaction list Journal entry worksheet < 1 2 3 4 5 Record direct materials used for Jobs 402 and 404. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 2 3 4 5 Record direct labor costs for Jobs 402 and 404. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the entry to apply overhead to Jobs 402 and 404. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 Record the indirect materials used. Note: Enter debits before credits. Transaction: d. 5 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 Record the indirect labor. Note: Enter debits before credits. Transaction 5. General Journal Debit Credit Record entry Clear entry View general journal