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. Credit Debit $ 79,000 48,000 29,000 0 12,000 4,000 Prepaid rent Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Accounts payable w sed Notes payable Common stock Retained earnings Sales Cost of goods sold Factory overhead Operating expenses Totals $ 11,300 14,300 40,000 90,000 198,400 119,000 25,000 38,000 $ 354,000 $354,000 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. Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054: $ 4,200 direct materials to Job 402 $ 8,000 direct materials to Job 404 $ 1,700 indirect materials $ 5,000 direct labor to Job 402 $15,000 direct labor to Job 404 $ 5,000 indirect labor Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost. 2-a. Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year. Determine whether there is any under- or overapplied overhead for the year. 2-b. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold, assuming the amount is not material. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under-or overapplied overhead for the year. Determine whether there is any under- or overapplied overhead for the year. Revised Factory Overhead account Ending balance from trial balance 25,000 Indirect materials 1,700 Indirect labor 5,000 20,000 11,700 Overhead applied 2-a. Post any entries from part 1 related to factory overhead to the T-account below to determine the amount of under- or overapplied overhead for the year. Determine whether there is any under- or overapplied overhead for the year. 2-b. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold, assuming the amount is not material. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 2A Required 2B Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold, assuming the amount is not material. No Date General Journal Debit Credit