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 ilst 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. Materialsrequisition10rMaterialarequinition111Materialsrequisition12:Labortimeticket521Labortineticket53:Labortimeticket541Jobs402and404aretheonlyjobsinprocessatyear-end.Thepredeterminedoverheadrateis150%ofdirectlaborcost.5,4,400directmaterialstoJob40257,600directmaterialstoJob4045,1,700indirectmaterlals.5,5,000direetlabortoJob402$15,000directlabortoJob4045,000indirectlabor Problem 15-3A (Algo) Part 2 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, 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over-or underapplled 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. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. Complete this question by entering your answers in the tabs below. 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. Note: Enter debits before credits