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 Cash Accounts receivable Rav materials inventory Work in process inventory Tinished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals Debit Credit $ 69,000 38,000 24,000 0 9,000 3,000 $ 11,600 14,600 30,000 78,000 193,800 105,000 26,000 54,000 5328,000 $328,000 After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-30101 Materials requisition 21-30111 Materials requisition 21-30121 Labor sine ticket 6052 Labor time ticket 6053 Labor tine ticket 6054 $14,300 direct materials to Job 402 $ 7,400 direct materiala to Job 404 $ 2,400 Indirect materials 65,000 direct labor to Job 402 $15,000 direct labor to Job 404 $5,000 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, 2.a. Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year. Determine whether there is any under-or overapplied overhead for the year. 2.b. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold, assuming the amount is not material Complete this question by entering your answers in the tabs below. Required 2A Required 28 Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year. Determine whether there is any under or overapplied overhead for the year. Revised Factory Overhead account Ending balance from trial balance 26.000 Overhead applied 2.400 indirect magprials Indirect labor 5,000 Underapplied overhead 33.400 Required 2B> 2-a. Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year, Determine whether there is any under or overapplied overhead for the year 2-b. Prepare the adjusting entry to allocate any over or underapplied overhead to Cost of Goods Sold, assuming the amount is not material, Complete this question by entering your answers in the tabs below. Required 2A Required 28 Prepare the adjusting entry to allocate any over- or underapplied overhead to cost of Goods Sold, assuming the amount is not material View transaction list View Joumal entry worksheet NO General Journal Credit Date Dec 31 1 Dobit 11,700 Cost of goods sold Factory overhead 11.700