Bergo Bay's accounting system generated the following account balances on December 3 1 . ?The company ?
Question:
Bergo Bay's accounting system generated the following account balances on December ?The companys 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 Wages Payable ?has not been recorded.
? Debit Credit
Cash $ ?
Accounts receivable ?
Raw materials inventory ?
Work in process inventory ?
Finished goods inventory ?
Prepaid rent ?
Accounts payable $
Notes payable
Common stock
Retained earnings prior year
Sales
Cost of goods sold ?
Factory overhead ?
General and administrative expenses ?
Totals $ ?$
These six documents must be processed to bring the accounting records up to date.
Materials requisition : $ ?direct materials to Job
Materials requisition : $ ?direct materials to Job
Materials requisition : $ ?indirect materials
Labor time ticket : $ ?direct labor to Job
Labor time ticket : $ ?direct labor to Job
Labor time ticket : $ ?indirect labor
Jobs ?and ?are the only jobs in process at yearend. The predetermined overhead rate is ?of direct labor cost.
?Prepare a revised list of account balances as of December