[The following information applies to the questions displayed below.] 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 Accounts payable Notes payable Common stock Retained earnings (prior year) Sales Cost of goods sold Factory overhead Debit $ 79,000 48,000 Credit 29,000 0 9,000 3,000 $ 10,700 13,700 30,000 91,000 202,600 113,000 27,000 40,000 $348,000 $348,000 General and administrative expenses Totals These six documents must be processed to bring the accounting records up to date. Materials requisition 10: Materials requisition 11: Materials requisition 12: Labor time ticket 52: Labor time ticket 53: Labor time ticket 54: $ 4,600 direct materials to Job 402 $ 7,500 direct materials to Job 404 $ 1,900 indirect materials $ 6,000 direct labor to Job 402 $ 14,000 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 > Journal entry worksheet < 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 View general journal > Journal entry worksheet 1 2 3 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 > Journal entry worksheet 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 5 Record the indirect labor. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal BERGO BAY COMPANY Balance Sheet As at December 31 Assets Inventories Total assets Liabilities Total liabilities Total equity Total liabilities and equity Equity Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet Prepare an income statement. BERGO BAY COMPANY Income Statement For Year Ended December 31 Income Statement Balance Sheet > Complete this question by entering your answers in the tabs below. Req 2A Req 2B In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determir underapplied overhead. Actual overhead (given) Factory Overhead 1 Record the entry to allocate any overapplied or underapplied overhead. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal 3. Prepare a revised list of account balances as of December 31. Hint: Use the prior year's Retained Earnings balance of $91,000 in this list. Cash BERGO BAY COMPANY List of Account Balances December 31 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 (prior year) Sales Cost of goods sold Factory overhead General and administrative expenses Totals Debit Credit