Bergo Bay's accounting system generated the following account balances on December 31. The company's manager...
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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 Woges Payable) has not been recorded. These six documents must be processed to bring the accounting records up to date. Jobs 402 and 404 are the only jobs in peocess at year-end. The predetermined overhead rate is 150% of direct labor cost. 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over-oi underapplied overhead. 2-b. Prepare the entry to close any over-or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. In Foctory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over- or underapplied overheod. Journal entry worksheet Record the entry torallocate any overapplied or underapplied overhead. Note: Enter debits before credits
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