3 Part 3 of 4 Required information [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. 1.25 points eBook a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 49,500 Job 137 33,500 Print Job 138 19,800 Job 139 23,400 Job 140 6,600 References Total direct materials Indirect materials 132,800 21,000 Total materials requisitions $ 153,800 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 Job 138 Job 139 10,800 37,700 39,000 Job 140 Total direct labor Indirect labor 4,000 103,600 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 $535,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the 3 Part 3 of 4 e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. f. Sold Jobs 136 and 138 on credit at a total price of $535,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. 25 oints eBook Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $ 68,500 38,000 11,000 35,500 i. 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. Print References 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Raw Materials Inventory Work in P Ending balance 0 Ending balance Factory Overhead 0 Cost of Goods Sold Ending balance Ending balance Finished 25 bints eBook 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Raw Materials Inventory Work in Print Ending balance 0 ferences Ending balance Ending balance Ending balance Factory Overhead 0 Cost of Goods Sold Ending balance Finishe to the following T-accounts, each of Ending balance Work in Process Inventory 0 Finished Goods Inventory Ending balance 0 S