Dasl X LUXL X 1 Luxl X G next X RPM RPM X R Boo X * NEX X @ The X & Elsk X . Elsk X Nex X MC X Que X Cou X G ecol X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmg... [dj CH 19 EOC Quiz i Saved Help Save & Exit Submit i. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the 3 predetermined overhead rate of 200% of direct labor cost. Part 3 of 4 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 Process Inventory Ending balance Ending balance 0 Finished Goods Inventory Ending balance Ending balance T Cost of Goods Sold Ending balance 0 3 Mc Graw HillDasl X LUXL X Luxl X G next X RPM RPM X R Boo X * NEX X @ The X & Elsk X . Elsk X Nex X MC X Que X Cou X G ecol X + C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmg... [dj CH 19 EOC Quiz i Saved Help Save & Exit Submit The following information applies to the questions displayed below.] 3 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. Part 3 of 4 Job 136 $ 49 , 500 Job 137 33 , 000 Job 138 20 , 000 Job 139 23, 400 Job 140 6, 800 Total direct materials 132 , 700 Indirect materials 19 , 500 Total materials requisitions $ 152 , 200 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,000 Job 137 10 , 600 Job 138 37 , 700 Job 139 39 , 200 Job 140 3, 600 Total direct labor ,100 Indirect labor 25 , 500 Total labor cost $ 128, 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 $525,000. 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, 000 Depreciation of factory equipment 38 , 000 Expired factory insurance 11 , 000 Accrued property taxes payable 36, 000 3 Mc Graw Hill