Required Information The following information applies to the questions displayed below) Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Wages Payable) has not been recorded Credit Cash Debit $ 65,000 34,000 22,000 12,000 4,000 Accounts receivable Raw Materials Inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 11,000 14,000 40,000 77.000 191,000 117,000 24,000 55,000 $333,000 $333,000 Afer examining vanous files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 60521 Labor time ticket 6053 Labor tine ticket 60541 $ 4,300 direct materials to Job 402 $ 8,eee direct materials to Job 484 $ 2,000 indirect materials $ 4,000 direct labor to Job 402 516,000 direct labor to Job 404 $ 5,600 Indirect labor Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct labor cost eBook 8. Direct materials costs to Work in Process Inventory b. Direct labor costs to Work in Process Inventory c. Overhead costs to Work in Process Inventory d. Indirect materials costs to the Factory Overhead account. e. Indirect labor costs to the Factory Overhead account. Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 2 3 4 5 > Record direct materials costs for Jobs 402 and 404. Nata Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Overhead costs to Work In Process Inventory d. Indirect materials costs to the Factory Overhead account e. Indirect labor costs to the Factory Overhead account Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet 1 2 3 4 5 Record direct labor costs for Jobs 402 and 404. Note Enter debits before credits Transaction Debit General Journal Credit b View general journal Record entry Clear entry 1. Prepare Journal miesto ssign View transaction list Journal entry worksheet 2 3 4 5 > Record the entry to allocate overhead to Jobs 402 and 404. Note: Enter debits before credits Transaction Debit General Journal Credit View general journal Record entry Clear entry Required: 1. Prepare journal entries to assign the above costs. View transaction list Journal entry worksheet Record entry to assign cost of indirect materials. Note: Enter debits before credits General Journal Debit Transaction Credit View general joumal Record entry Clear entry 1. Prepare fournal entries to assign the above costs. View transaction lest Journal entry worksheet 1 2 3 4 on Record entry to assign cost of indirect labor. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry
