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 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 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 $328,000 $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 time ticket 6052 Labor time ticket 60531 Labor time ticket 60541 $ 4,300 direct materials to Job 402 $ 7,400 direct materials to Job 404 $ 2,400 indirect materials 5 5,000 direct labor to Job 402 $15,000 direct labor to Job 404 5.5,000 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. 3. Prepare a revised trial balance. Credit BERGAMO BAY COMPANY Trial Balance December 31, 2019 Debit Cash $ 69,000 Accounts receivable 38,000 Raw materials inventory 24,000 Work in process inventory 39,100 Finished goods inventory 9,000 Prepaid rent 3,000 Accounts payable Factory wages payable Notes payable Common stock Retained earnings Sales Cost of goods sold 105,000 Factory overhead 33,400 Operating expenses 54,000 Totals $ 374,500 $ 11,600 25,000 14,600 30,000 78,000 193,800 353,000