Solve

apter 19 Problem 19-2A Source documents, journal entries, overhead, and financial reports LO P1, P2, P3, P4 (The following information applies to the questions displayed below Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The companys 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 has not been recorded 67,000 45,000 27,500 receivable Rav materials inventory Work in process inventory Finished goods inventory Prepaid rent 9,000 3,000 $ 9,600 12,600 30,000 80,000 192,300 Sales Cost of goods sold Factory overhead Operating expenses Totals 109,000 39.000 $ 324,500 324, s00 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. tion 21- s 4,300 direct materials to Job 402 3010: Materials requisition 21- 30111 Materials requisition 21- 3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054: s 7,300 direct materials to Job 404 2,100 indirect materials 2,000 direct labor to Job 402 13,000 direct labor to Job 404 1,000 indirect labor 2,100 points 3,100 2.2 Prepare the adjusting entry to allocate any over-or underapplied overhead to Cost of Goods Sold, assuming the amount is not material. No Dec 31 Cost of goods sold Factory overhead ter 19 - Homework Jobs 402 and 404 are the only units in process at year-end. The predetermir Problem 19-2A Part 3 ot 4 3. Prepare a revised trial balance. BERGAMO BAY COMPANY Trial Balance December 31, 2017 Debit Credit ook $ 67,000 45,000 13,800 41,600 9,000 3,000 Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Factory wages payable Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals int 9,600 16,000 12,600 30,000 80,000 192,300 9,000 $ 243,400 340,500