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I know this is a longer question.. but Im very stuck Required information [The following information applies to the questions displayed below. Widmer Watercraft's predetermined

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Required information [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, $220,000, b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 130 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,500 32,000 19,400 22,800 6,600 130,300 21,000 $ 151,300 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 $ 12,000 10.600 d. Time tickets record use of the following labor for Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,000 10,600 37,500 39,200 3,600 102,900 26,000 $128,900 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 $530,000. The company incurred the following overhead costs during the month (crdit Prepaid Insurance for expired factory insurance) Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,000 38,000 11,000 35,500 Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,000 38,000 11,000 35,500 i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 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 No. 136 Job No. 137 Job No. 138 Job No. 139 Job No. 140 Materials Labor Overhead Total cost Journal entry worksheet 2 3 5 6 7 8 Record raw material purchases on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 9 6 7 7 10 8 4 2 5 3 Record the requisition of direct and indirect materials. Note: Enter debits before credits. Debit General Journal Transaction Credit b. Record entry Clear entry View general Journal Journal entry worksheet Record payment to computer consultant to reprogram factory equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Record entry Clear entry View general Journal Journal entry worksheet 10 8 Record the entry for the cost of sales of Jobs 136 and 138. Note: Enter debits before credits. General Journal Debit Credit Transaction 9(2) Record entry Clear entry View general journal Journal entry worksheet 10 >

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