how to calculate cost of goods sold and factory overhead for the list of account...
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Accounting
how to calculate cost of goods sold and factory overhead for the list of account balances?
Required informotion Problem 2-3A (Algo) Computing and recording job costs; preparing income statement and balonce sheet LO P1, P2, P3, P4 The following informatior applies to the questions displiyed below] Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows somerhing is wrong with thes list of balances because it does not show any balance for Work in Process inventory. and the accriaed factory paytell (Factory Wages Payable) has not been recorded. These sur documents must be processed to bring the accounting records up to date. Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 1502 of direct labor cost. 3. Prepare a revised list of account balances an of December 34. Hint Use the prior years Retained Earnings batance of 582.000 in this list


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