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 $ $76,000$ ?

Accounts receivable $45,000$ ?

Raw materials inventory $27,500$ ?

Work in process inventory $0$ ?

Finished goods inventory $9,000$ ?

Prepaid rent $3,000$ ?

Accounts payable $ $9,400$

Notes payable $12,400$

Common stock $30,000$

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

Sales $214,700$

Cost of goods sold $104,000$ ?

Factory overhead $28,000$ ?

General and administrative expenses $53,000$ ?

Totals $ $345,500$ ?$ $345,500$

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

Materials requisition $10$: $ $4,700$ ?direct materials to Job $402$

Materials requisition $11$: $ $7,500$ ?direct materials to Job $404$

Materials requisition $12$: $ $2,100$ ?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 $31.$  

! Required information Inventories BERGO BAY COMPANY Balance Sheet As at December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities Total equity Total liabilities and equity 0 Equity 0 0 S ---