Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals Debit Credit $ 72,000 41,000 25,500 0 9,000 3,000 $ 9,200 12, 200 30,000 88,000 184, 100 112,000 25,000 36,000 $323,500 $323,500 After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054: $ 4,500 direct materials to Job 402 $ 7,200 direct materials to Job 404 $ 1,800 indirect materials $ 5,000 direct labor to Job 402 $15,000 direct labor to Job 404 $ 5,000 indirect labor Required 2A Required 2B Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year. Determine whether there is any under- or overapplied overhead for the year. Revised Factory Overhead account Ending balance from trial balance - Record the entry to allocate any overapplied or underapplied overhead. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal