11 1 Part 1 of 4 points Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1, P2, P3 [The following information applies to the questions displayed below.) Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 1 Job 137 Print Job 138 Job 139 References Job 140 Total direct materials Indirect materials Total materials requisitions $ 49,500 32,500 19,800 22,600 7,200 131,600 21,500 $ 153,100 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,300 Job 137 Job 138 Job 139 10,800 37,900 39,400 Job 140 Total direct labor Indirect labor Total labor cost 3,200 103,600 24,500 $ 128,100) Check my w c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 $ 12,300 10,800 Job 138 37,900 Job 139 39,400 Job 140. 3,200 Total direct labor 103,600 Indirect labor 24,500 Total labor cost $128,100 d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. f. Sold Jobs 136 and 138 on credit at a total price of $545,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $ 69,500 37,500 11,000 35,500 1. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 15-4A (Algo) Part 1 Required: 1. Prepare a job cost sheet for each job worked on during the month. Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $ 69,500 37,500 11,000 35,500 1. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 15-4A (Algo) Part 1 Required: 1. Prepare a job cost sheet for each job worked on during the month. Job Number 136 Job Number 137 Job Number 138 Job Number 139 Job Number 140 Materials Labor Overhead Total cost