Bergo Bay's accounting system generated the following account balances on December 31. The companys 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 $ 170,000 Accounts receivable 75,000 Raw materials inventory 80,000 Work in process inventory 0 Finished goods inventory 15,000 Prepaid rent 3,000 Accounts payable $ 17,000 Notes payable 25,000 Common stock 50,000 Retained earnings (prior year) 271,000 Sales 373,000 Cost of goods sold 218,000 Factory overhead 115,000 General and administrative expenses 60,000 Totals $ 736,000 $ 736,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: $ 10,200 direct materials to Job 402 Materials requisition 11: $ 18,600 direct materials to Job 404 Materials requisition 12: $ 5,600 indirect materials Labor time ticket 52: $ 36,000 direct labor to Job 402 Labor time ticket 53: $ 23,800 direct labor to Job 404 Labor time ticket 54: $ 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. 2-a. 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. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead.