Required information 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. Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Debit $ 75,000 44,000 27,000 Credit 0 12,000 4,000 $ 10,200 13,200 40,000 86,000 194,600 Factory overhead 112,000 28,000 General and administrative expenses, 42,000 $ 344,000 $344,000 Totals These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: $ 4,400 direct materials to Job 402 $ 7,200 direct materials to Job 404 < Prev 7 8 of 10 Next >