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.December $31$

$\backslash$table$[[$Cash$,$Debit$],[$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 $($prior year$),],[$Sales$,],[$Cost of goods sold,$],[$Factory overhead,$],[$General and administrative expenses,$],[$Totals$,]]$

Debit Credit

Cash $ $77,000$

Accounts receivable $46,000$

Raw materials inventory $28,000$

Work in process inventory $0$

Finished goods inventory $12,000$

Prepaid rent $4,000$

Accounts payable $ $8,600$

Notes payable $11,600$

Common stock $40,000$

Retained earnings $($prior year$)79,000$

Sales $203,800$

Cost of goods sold $113,000$

Factory overhead $25,000$

General and administrative expenses $38,000$

Totals $ $343,000$ $ $343,000$

These six documents must be processed to bring the accounting records up to date.

Materials requisition $10$: $ $4,200$ direct materials to Job $402$

Materials requisition $11$: $ $7,900$ direct materials to Job $404$

Materials requisition $12$: $ $2,400$ indirect materials

Labor time ticket $52$: $ $7,000$ direct labor to Job $402$

Labor time ticket $53$: $ $13,000$ direct labor to Job $404$

Labor time ticket $54$: $ $5,000$ indirect labor

Jobs $402$ and $404$ are the only jobs in process at year$-$end. The predetermined overhead rate is $150\%$ of direct labor cost.

$3.$ Prepare a revised list of account balances as of December $31.$ Hint: Use the prior year's Retained Earnings balance of $$79,000$ in this list.