16 Pentile Pepped Free Required information Bergs Bay's accounting system generated knows something is wrong with the list of balances and the accrued factory payrolectory Wages Paytre Cark Accounts anaterials inventary Mr In process Inventory Finished stary Prepaid Acts payable teple stark tale sarsing Griy Sales Cet of goods sold istrative p Totals. IHL These six documents must be processed to bring the accounting records up to da direct materials Materials requisition Material 3.4. $10 $ 10,4 edition 11 materials regation Labor time ticket 32 Labar tie ticket S Laburime ticket intirs Jobs 402 and 404 are the only jobs in process at year end The peedeemned overhead refe is 100% of decabo co a Direct materials b. Direct labor c. Overhead applied d. Indirect materials e Indirect labor Required: 1. Use the document information above to prepare journal entries for the above cost www. 95 !!!!! 15,000 ces in December 31. The company's show any balance for W $ 18,90 33,900 40,000 30,000 18.30 WILTIN HYPER e. Indirect labor Required: 1. Use the document information above to prepare journal entries for the above costs View transaction list Journal entry worksheet K 2 3 4 5 Record direct materials used for Jobs 402 and 404 Noter Enter debits before credits Transaction General Journal Credit View general journal Clear entry Record entry Debit 2 H Shaped ebook P e documents must be processed to bring the accounting records up to date Materials requisition 1 Materials realsition 11 materials requisition 13 aber time ticket M 4,100 tred materials to k rect nata tolak Jak 842 1 time ticket 13: Labor tie ticket 541 direct direct labor $5,000 Indirect labor Jobs 402 and 404 are the only jobs in process at year end. The predetermined overhead rate 100% of direct labor co 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overheat 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 Complete this question by entering your answers in the tabs below. Reg 2A Reg 20 In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. Factory Overhead Actual overhead (given) Nivo A Req 28 > DORT Sped Book Prin Complete this question by entering your answers in the tabs below. 24 Reg 20 Prepare the entry to close any over of underapplied overhead to Cost of Goods Sok View transaction list Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead. Note: Enter debits before credits General Journal Date December 31 Clear entry Record entry Debit Credit View general journal Pan 34 2.25 poem back LUCuments must be processed to bring the scoring respo Material relation the Materiale regiliitin 177 aborter ticket M Labor Time Ticket Jobs 402 and 404 are the only jobs in process at year-end. The predetermned overhead are 100% of direct labert 3. Prepare a revised ist of account balances as of December 31, Hint Use the prior year's Retained Earnings balance of $9000 BERGO BAY COMPANY Use of Accm Cred Cash Accounts receivable Raw materials aventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Commen stock Retained sings (prior year) Sales Cest of goods sold Factory overhead General and administrative expenses Tatals $ Evin Parti 225 Uuments must be processed to bring the accounting reade Materials reption talition Material lition 10 Labor time ticket 33 Lalse time ticket Jobs 402 and 404 are the only jobs in process at year The predetermared overdone 0% of det er 4. Prepare an income statement for the year and a balance sheet as of December 3 Heaed camgis $300 at themed the current year dock Complete this question by entering your answers in the tab Income Balance Sheet Statement Prepare income statement. BERGO BAY COMPANY Income Statement For Year Ended Decoder 21 E Seconi Mayment. Balance Sheet > Part 4 of 4 225 ponts P Total assets T Total equity Total abities and equity BERG BAY COMPANY Assets entries Lieblin Equity
Penta 2 Required information The following intonation applies to the questions played below) 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 Process entry and the accrued factory payroll Factory Wages Payable) has not been recorded Ca Accounts receivable Saw eterials investory 27,5m in process Investiry finished goods inventary Prepaid ret 11,000 Accounts payable $10, te payable Consteck 13,000 40,000 Betained rings rea 91,000 Sales 185,700 Cost of goods sold Factory overhead 300,000 25,000 General and ministrative expenses Total 3 ML50 $341,100 These six documents must be processed to bring the accounting records up to date Materials requisition 18 Materials resition 11 Raterials requisition 12 $4,300 direct eterials to 340) materials JA Labor time ticket S $1,9 indin $4,000 direct laber to 3 40 Laber time ticket 53 Labor time ticket 4 5,00 Indirect labor Jobs 402 and 404 are the only jobs in process at year end. The predetermined overhead rate is 100% of direct labor cost a. Direct materials b. Direct labor c. Overhead applied d. Indirect materials e. Indirect labor Required: Lire lindroment information above to prepare journal entries for the above costs Part 1 of 4 po Skat eBook Pr b. Direct labor c. Overhead applied. d. Indirect materials e. Indirect labor Required: 1. Use the document information above to prepare journal entries for the above costs View transaction list Journal entry worksheet Reg 2A Record the entry to allocate any overapplied or underapplied overhead. Note: Enter debits before credits. Date General Journal Debit Credit December 31 View general journal Clear entry Record entry 2,25 pos Suppre eBook Prepare a balance sheet as of December 31, BERGO DAY COMPANY Tilance Sheet As at der Assets Inventories Liabilities Equity Total assets Total abs Total equity Total liabilities and equity are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost 3. Prepare a revised list of account balances as of December 31, Hint Use the prior year's Retained Earnings balance of $91,000 in this list. pod BERGO BAY COMPANY List of Account Balances December 31 Book Credit Cash Accounts receivable Print Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expensas Totals 5 Debit 0$ 4. Prepare an income statement for the year and a balance sheet as of December 31, Hint Retained earnings is $112.800 at the end of the current year. ped Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet ok Prepare an income statement. BERGO BAY COMPANY Income Statement For Year Ended December 31 0 Income StasRG RE Balance Sheet > 2:25 points Skipped Book Total assets Total abilities Total equity Total abilities and equity BERGO BAY COMPANY Balance Sheet As at December 31 Assets Inventories Liabilities Equity S Income Statement
