sheet LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] preparing income statement and balance 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 Notes payable Accounts payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses Totals Debit $ 67,000 Credit 36,000 23,000 0 12,000 4,000 $ 11,100 14,100 40,000 75,000 177,800 104,000 23,000 45,000 $318,000 $318,000 These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 121 Labor time ticket 521 Labor time ticket 531 Labor time ticket 541 $4,900 direct materials to Job 402 $ 7,100 direct materials to Job 404 $ 1,800 indirect materials $7,000 direct labor to Job 402 $13,000 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. Journal entry worksheet < 1 2 3 4 5 Record direct materials used for Jobs 402 and 404. Note: Enter debits before credits.. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal > 1 2 3 4 5 Record direct labor costs for Jobs 402 and 404. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry > Journal entry worksheet > 1 2 4 5 Record the entry to apply overhead to Jobs 402 and 404. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal < 1 2 3 4 5 Record the indirect materials used. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 Record the indirect labor. Note: Enter debits before credits. Transaction 10 5 General Journal Debit Credit Record entry Clear entry View general journal < Prev 56 7 8 of 9 Next