e. Time tickets record use of the following labor for the month. Job 136 Job 137 Job 138 Job 139 Job 140 $ 12,200 10,800 37,900 39,600 3,200 Total direct labor Indirect labor 103,700 25,500 Total $129,200 f. Applied overhead to Jobs 136, 138, and 139. g. Transferred Jobs 136, 138, and 139 to Finished Goods. h. Sold Jobs 136 and 138 on credit at a total price of $550,000. i. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance) $68,000 Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable 37,000 12,000 36,500 J. Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 19-3A Part 3 3. Prepare T-accounts for each of the following general ledger accounts, each of which started the month with a zero balance: Raw Materials Inventory, Goods in Process Inventory, Finished Goods Inventory, Factory Payroll, Factory Overhead, Cost of Goods Sold. Then post the journal entries to these T-accounts and determine the balance of each account. Answer is complete but not entirely correct. Answer is not complete. Factory Payroll Raw Materials Inventory 220,000 152,000 b. End.bal. 68,000 End.bal. Answer is complete but not entirely correct. Answer is not complete. Goods in Process Inventory 131,500 103,700 179,400 360,700 28,000 81,900 Factory Overhead 20,500 15,750 25,500 End.bal. 61,750 Answer is complete but not entirely correct. Answer is not complete. Cost of Goods Sold Finished Goods Inventory 360,700 219,100 G & End.bal. 141,600