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8-19 (Extra Credity Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 The following information applies

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8-19 (Extra Credity Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 The following information applies to the questions displayed below Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows a. Purchased raw materials on credit, $260,000. b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 Total direet materials Indirect materiale Total naterials used 48,500 33,500 20,000 23,400 7,200 132,600 20,000 s 152,600 c Pald $15,750 cash to a computer consutant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash Tob 136 3ob 137 Job 138 s 12,000 10,700 37.900 3 5 7 9 (Extra Credit Job 138 Tob 139 Job 140 Total direct labor Indirect labor Total 37,900 39,200 4,000 103,800 25,500 129,300 e. Applied overhead to Jobs 136,138, and 139. f. Transferred Jobs 136, 138, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $545,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory Depreciation of factory building 69,000 Depreciation of factory equipment Expired Eactory insuranee Accrued property taxes payable 38,000 10,000 35, 000 . Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) dsing the predetermined overhead rate of 200% of direct labor cost. Problem 19-3A Part 3 5-11 5 7 ew 18-19 (Extra Credit) 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. End bal. End bal End bal End bal End bal. Prewfl Next 80 6 8

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