Farina Bay s computer system generated the following trial balance on December 31, 2013. The company s manager knows something is wrong with the trial balance because it does not show any balance for Goods in Process Inventory but does show balances for the Factory Payroll and Factory Overhead accounts.

DebitCredit Cash$45,000 Accounts receivable39,000 Raw materials inventory24,500 Goods in process inventory0 Finished goods inventory9,000 Prepaid rent3,000 Accounts payable$11,100 Notes payable14,100 Common stock30,000 Retained earnings93,000 Sales162,300 Cost of goods sold106,000 Factory payroll18,000 Factory overhead28,000 Operating expenses38,000 Totals$310,500$310,500

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.

Materials requisition 21-3010:$4,300 direct materials to Job 402 Materials requisition 21-3011:$7,600 direct materials to Job 404 Materials requisition 21-3012:$1,700 indirect materials Labor time ticket 6052:$3,000 direct labor to Job 402 Labor time ticket 6053:$12,000 direct labor to Job 404 Labor time ticket 6054:$3,000 indirect labor

Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 200% of direct labor cost.

8.value:
1.50 points a.Direct materials costs to Goods in Process Inventory.b.Direct labor costs to Goods in Process Inventory.c.Overhead costs to Goods 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.

Record direct materials costs for Jobs 402 and 404.2.Record direct labor costs for Jobs 402 and 404.3.Record the entry to allocate overheads to Jobs 402 and 404 at 200% of direct labor costs assigned.4.Record entry to assign cost of indirect materials.5.Record entry to assign cost of indirect labor