Afternoon,

Can you check my work and provide your thoughts on this practice question:

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 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials requisitions $ 48,500 32.000 19.800 23,080 6,800 130, 180 20,000 $ 150, 180 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 $ 12,182 1e, 780 37,700 39,880 3,200 102,700 25,888 $ 127,789 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 $550.000. 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 $ 68,500 Depreciation of factory equipment 38,500 Expired factory insurance 11.000 Accrued property taxes payable 36,000 L 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. 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 $ 0 $ 0 $ os 01 S 0