i$.$ Applied overhead at month$-$end to the Work in Process Inventory account $($for Job $137$ and Job $140)$ using the

predetermined overhead rate of $200\%$ of direct labor cost.

Post the journal entries for the transactions to the following T$-$accounts, each of which started the month with a zero balance.

Finished Goods Inventory

Cost of Goods Sold $(1)$ Required information

Finished Goods Inventory$[$The following information applies to the questions displayed below.$]$

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, $$200,000.$

b$.$ Materials requisitions record use of the following materials for the month.

c$.$ Time tickets record use of the following labor for the month. These wages were paid in cash.

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.