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. 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 Debit Credit $ 70,000 39,000 24,500 e 9,000 3,000 $ 8,600 11,600 30,000 83,000 187,300 PS Cost of goods sold Factory overhead General and administrative expenses 106,000 27,000 42,000 Totals $ 320,500 $ 320,500 These six documents must be processed to bring the accounting records up to date Materials requisition 10: Materials requisition 11:1 Baterials requisition 12: Labor time ticket 52) Labor time ticket 53 Labor time ticket 54: $ 4,300 direct materials to Job 4021 $ 7,500 direct materials to Job 4041 $1,700 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 100% of direct labor cost a. Direct materials. 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 View journal entry worksheet rences No Transaction General Journal 1 a No Transaction Recorded 2 b No Transaction Recorded 3 C No Transaction Recorded 4 d No Transaction Recorded 5 No Transaction Recorded Debit Credit