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. Notes payable Cash Accounts receivable. Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Common stock Retained earnings (prior year) Sales Debit. $ 74,000 43,000 Credit 26,500 0 12,000 4,000 $ 10,400 13,400 40,000 88,000 173,700 Cost of goods sold 104,000 Factory overhead 27,000 General and administrative expenses 35,000 Totals $ 325,500 $ 325,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 111 Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: $ 4,200 direct materials to Job 402 $ 7,800 direct materials to Job 404 $ 2,300 indirect materials. $ 6,000 direct labor to Job 402 $ 14,000 direct labor to Job 404 $ 5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 150% of direct labor cost. 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 < 1. 2 3 4 5 Record direct materials used for Jobs 402 and 404. Note: Enter debits before credits. Transaction a. General Journal Debit Credit