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: Cost of goods sold Factory overhead General and administrative expenses Totals Debit $ 79,000 48,000 Credit 29,000 0 15,000 5,000 $ 8,900 11,900 50,000 94,000 189,200 108,000 28,000 42,000 $ 354,000 $ 354,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 531 $ 4,800 direct materials to Job 402 $ 7,200 direct materials to Job 404 $ 1,800 indirect materials. $ 5,000 direct labor to Job 402 $ 15,000 direct labor to Job 404 < Prev 1 2 3 4 of 8 Next > mework Retained earnings (prior year) Sales Cost of goods sold, Saved 108,000 94,000 189,200 Factory overhead General and administrative expenses Totals 28,000 42,000 $ 354,000 $ 354,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: $ 4,800 direct materials to Job 402 $ 7,200 direct materials to Job 404 $ 1,800 indirect materials $ 5,000 direct labor to Job 402 $ 15,000 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 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. Required information 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. General Journal Debit Credit Record entry Clear entry View general journal . Homework i Required information Journal entry worksheet < 1 3 4 5 Record direct labor costs for Jobs 402 and 404. Note: Enter debits before credits. Transaction b. Saved General Journal Debit Credit Record entry Clear entry View general journal S Prev 1 2 4 of 8. Next