Check my v. Bergamo Bay's computer system generated the following trial balance on December 31, 2019_ The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll [Factory Wages Payable] has not been recorded. Debit Credit Cash $ 69,000 Accounts receivable 33,000 Raw materials inventory 24,000 Work in process inventory 0 Finished goods inventory 9,000 Prepaid rent 3,000 Accounts payable $ 11,800 Notes payable 14,300 Common stock 30,000 Retained earnings 94,000 Sales 160,400 Cost of goods sold 114,000 Factory overhead 25,000 Operating expenses 3?,000 Totals $319,000 $315,000 After examining various les. the manager identies 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: ( ELEV. 5 4,100 direct materials to Job 402 s ?,600 direct materials to Job 404 5 2,300 indirect materials a,\" _ 12 13 14 of14 :g: Next) 2-3. Post any entries from part1 related to factory overhead to the T-account below to determine the amount of under or overapplie overhead for the year. Determine whether there is any under- or overappiied overhead for the year. 2-b. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. assuming the amount is not material. 6 Answer Is not oomplete. ' Complete thle question by entering your answers In the tabs below. Post any entries from part 1 related to factory overhead to the T-aooount below to determine the amount of under- or overapplled overhead for the year. Determine whether there is any under or oven-applied overhead for the year. Ending balance from trial balance Indirect materials Indirect labor Overhead applied Underapplied overhead