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 $ 170,000 75,000 80,000 0 15,000 3,000 218,000 115,000 60,000 $ 736,000 Credit BERGO BAY COMPANY List of Account Balances December 31 $ 17,000 25,000 50,000 271,000 373,000 $ 736,000 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: $ 10, 200 direct materials to Job 402 $ 18,600 direct materials to Job 404 $ 5,600 indirect materials $36,000 direct labor to Job 402 $ 23,800 direct labor to Job 404 $ 8,200 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 3 3. Prepare a revised list of account balances as of December 31. Hint Use the prior year's Retained Earnings balance of $271,000 in this list.

Elergo Bay's accounting system generated the followng account balances on December 31 The company's manager knows something is wrong with this tist 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. These sux documents must be processed to bring the accounting records up to date Jobs 402 and 404 are the orly jobs in process at year end. The predetermined overhead rate is 200x of direct labor cost. Problem 2.3A (Stotic) Part 3 3. Prepare a ievised ist of account balances at of December 31 . Hinc Use the prior year's Retained Eamings balance of $271,000 in his list. 3. Prepare a revised list of account balances as of December 31 Hint Use the prior year's Retained Earnings balance of $271000 in thes inst. (The following information applies to the questions displayed below] Bergo Bay's accounting system generated the following account balances on December 31 The companys manager knows something is wrong with this list of batances because it does not show any balance for Work in Process imventory. and the accrued factory payroll (Factory Wages Payable) has not been recorded These six documents must be processed to bing the accounting recotds up to date Jo6s 402 and 404 are the only jobs in process at yearend, The predetermined overliead rate is 200% of direct isbor cost