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. Credit Debit $ 170,000 75,000 80,000 e 15,000 3.000 Cash Accounts receivable Raw materials inventory Work in process Inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Connon stock Retained earnings (prior year) Sales Cost of goods sold Factory overhend General and administrative expenses Totals $ 17,000 25.000 50,000 271,000 375,000 210,000 115,000 60,000 5.735,000 5 736.000 These six documents must be processed to bring the accounting records up to date Materials requisition 101 Materials requisition 111 Materials requisition 12 Labor time ticket 52: Labor time ticket 531 Labor time ticket 54: $10,200 direct materials to ob 402 $ 18,600.dire materials to ob 404 $5.600 Indirect materials 5 30.000 direct labor to Job 402 $ 2,000 direct labor to 404 $ 6,900 Indirect labor Jobs 402 and 404 are the only jobs in process at year end. The predetermined overhead rate is 200% of direct labor cost Problem 2-3A (Static) Part 2 2-6. In Factory Overhead T-account, enter amounts 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. RG 2 RG 2 In Factory Overhead T-account, unter amounts from part 1 related to factory overhead. Determine the amount of over or underapplied overhead Factory Overhead Actual overhead (given) Reg 28 > Journal entry worksheet 1 > Record the entry to allocate any overapplied or underapplied overhead. Note: Enter debts before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general journal