Solution-Identify the six source documents that need to be

Identify the six source documents that need to be processed

Reference no: EM131810019

Assignment

Bergamo Bays computer system generated the following trial balance on December 31. 2015. 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.

	Debit	Credit
Cash	170.000
Accounts receivable	75.000
Raw materials Inventory	80.000
Work In process Inventory	0
Finished goods Inventory	15.000
Prepaid rent	3.000
Accounts payable		$ 17.000
Notes payable		25.000
Common stock		50.000
Retained earnings		271.000
Sales		373.000
Cost of goods sold	218.000
Factory overhead	115.000
Operating expenses	60.000
Totals	$ 736.000	$ 736.000

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:

$10.200 direct materials to Job 402
$ 18.600 direct materials to Job 404
$ 5.600 indirect materials
$36.000 direct labor to Job 402
$23.800 direct labor to Job 404
$ 8.200 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.

Reference no: EM131810019

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Identify the six source documents that need to be processed

Reference no: EM131810019

Reference no: EM131810019

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