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. 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance 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, $260,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 48,500 Job 137 33,000 19,800 22,400 6,400 130,100 Job 138 Job 139 Job 140 Total direct materials Indirect materials 20,000 Total materials used $150,100 c. Paid $15,500 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. $ 12,100 10,800 38,100 39,400 3,600 Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor 104,000 24,500 $128,500 Total cre paid I Cash. Job 136 Job 137 $ 12,100 10.800 Job 138 38,100 39,400 3,600 104,000 24,500 Job 139 Job 140 Total direct labor Indirect labor Total $128,500 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 $545.00o. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $69,000 38,000 11,000 36,000 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. b in process and prove that the sum of their costs equals the Work in nld