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. Debit Credit Cash $ 68,000 Accounts receivable 37,000 Raw materials inventory 23,500 Work in process inventory Finished goods inventory 12,000 Prepaid rent 4,000 Accounts payable $ 11,100 Notes payable 14,100 Common stock 40,000 Retained earnings (prior 84,000 year) Sales 184,300 Cost of goods sold 113,000 Factory overhead 25,000 General and administrative 51,000 expenses $ Totals 333,500 333,500 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: direct materials to $ 4,400 Job 402 $ 7,200 direct materials to Job 404 $ 1,900 indirect materials $ 5,000 direct labor to Job 402 $ direct labor to Job 15,000 404 $ 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. 2-a. In Factory Overhead T-account, entertiamounts from part 1 related to factory overhead. Determine the amount of over- or underapplied overhead. 2-b. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Req 2A Req 2B In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. Factory Overhead