Part 3 of 4 1.92 points eBook Print References Bergamo Bay's computer system generated the following trial balance on December 31, 2019. The company's 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 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 Sales Cost, of goods sold Factory overhead Operating expenses Totals Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054: Debit $ 76,000 45,000 27,500 0 9,000 3,000 3. Prepare a revised trial balance. 113,000 25,000 42,000 $340,500 Credit 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. $ 10,100 13,100 30,000 80,000 207,300 $340,500 $ 4,000 direct materials to Job 402 $ 7,200 direct materials to Job 404 $ 2,200 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 units in process at year-end. he predetermined overhead rate is 150% of direct labor cost.
Ecrgamo bay s computer system generated the following trial balance on December 31, 2019. The companys mondger 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 Wages Payable) has not been recorded. After examining various files, the manager identfies the following six source documents that need to be processed to bring the accounting records up to date. Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rote is 150% of direct labor cost. 3. Prepare a revised trial balance
