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Required information [ The following information applies to the questions displayed below. ] Bergo Bay's accounting system generated the following account balances on December 3

Required information
[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.
Materials requisition 10: $5,000 direct materials to Job 402
Materials requisition 11: $7,300 direct materials to Job 404
Materials requisition 12: $2,500 indirect materials
Labor time ticket 52: $ B,000 direct labor to Job 402
Labor time ticket 53: $12,000 direct labor to Job 404
Labor time ticket 54: $5,000 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.
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.
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.
Please answer all parts, thank you!
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