Problem 15-3A (Algo) Computing and recording job costs; preparing income statement and balance sheet LO P1, P2, P3, P4 [The following information applies to the questions displayed 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 in Process Inventory. and the accrued factory payroll (Factory Wages Payable) has not been recorded. These six documents must be processed to bring the accounting records up to date. Jobs 402 and 404 are the only jobs in process at yearend. The predetermined overhead rate is 150% of direct labor cost. Problem 15-3A (Algo) Part 2 2-. In Factory Oveihead 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