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5 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 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 Payroll Payable) has not been recorded. rt 1 of 4 67,000 45,000 27,500 ntory Finished goods inventory Prepaid rent Accounts payable 9,000 3,000 s 9,600 12,600 30,000 80,000 192,300 Common stock Cost of goods sold Factory overhead 109,000 25,000 39,00 Print Totals $324,500 324,500 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 4,300 direct materials to Job 402 7,300 direct materials to Job 404 30101 3011: 3012 sition 21-2,100 1 Labor time ticket 6052: Labor time ticket 6053: 2,000 direct labor to Job 402 1,000 indirect labor s13,000 direct labor to Job 404 Labor tine ticket 6054 Next > Prev 5 6 7 8 of 14 5 information tabor time tlcket 6053: s 13,000 direct labor to Job 404 s 1,000 indirect labor 12.000 404 Labor tine ticket 6054 Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. 3.57 oints Problem 19-2A Part 1 a. Direct materials costs to Work in Process Inventory b. Direct labor costs to Work in Process Inventory c. Overhead costs to Work in Process Inventory d. Indirect materials costs to the Factory Overhead account. e. Indirect labor costs to the Factory Overhead account Required: 1. Prepare journal entries to assign the above costs. Journal entry worksheet Record direct materials costs for Jobs 402 and 404 3.57 points Journal entry worksheet Print Clear entry K Prev 5 6 7 8 of 14 Next > 5 3.57 points Journal entry worksheet Record direct labor costs for Jobs 402 and 404 b. View 3.57 points Journal entry worksheet the entry to allocate overheads to Jobs 402 and 404 at 100% of direct C. K Prev 5 6 7 8 of 14 Next > 3.57 points Journal entry worksheet Print d. Clear entry 5 67 8 of 14 Next > Journal entry worksheet Record entry to assign cost of indirect labor Debit Credit I Journal View ge I journal Clear entry Next > Required information 4 Problem 19-2A Part 3 3. Prepare a revised trial balance. BERGAMO BAY COMPANY Trial Balance December 31, 2017 Debit Credit 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 Prev 7 8 of 14 0 Required information of 4 Problem 19-2A Part 4 4. Prepare an income statement for 2017 and a balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below ook ncoment Balance Sheet rint Prepare an income statement for 2017. BERGAMO BAY COMPANY Income Statement For Year Ended December 31, 2017 Balance Sheet>

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