3 Part 3 of 4 Required Information [The following information applies to the questions displayed below.) Watercraft's predetermined overhead rete 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 $ 50,00 Job 137 33,000 Job 138 19,600 Job 139 22,800 Job 140 7.400 Total direct materials 132.800 Indirect materials 21.000 Total materials requisitions $ 153,820 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 148 Total direct labor Indirect labor Total labor cost $ 12,200 10,628 37,988 39.00 3.400 183,180 24,500 $ 127,600 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 $540,000. 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 $ 69,000 Depreciation of factory equipment 36,500 Expired factory insurance 12,202 Accrued property taxes payable 35,500 1. Applied overhead et 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. 3. Post the journal entries for the transactions to the following T-accounts, esch of which started the month with a zero balance. Raw Materiale Inventory Work In Process Inventory Ending balance 0 Ending balance Factory Overhead Finished Goods Inventory Ending balance Ending balance Cost of Gooda Sold Ending balance MC Gr