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it is a question with multiple requests, so it is within chegg guidlines Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on

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it is a question with multiple requests, so it is within chegg guidlines
Widmer 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. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,000 34,000 19,200 22,800 6, 600 131,680 21,000 $152,600 . Paid $15,500 cash to a computer consultant to reprogram factory equipment d. Time Ickets record use of the following labor for the month These wages were paid in cas Help Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,200 10,700 37,900 39,600 3,400 103,800 26,098 $129,800 e. Applied overhead to Jobs 136, 138, and 139. 1. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 and 138 on credit at a total price of $525,000 h. The company incurred the following overhead costs during the month (credit Prepard Insurance for expired factory Insurance) Depreciation of factory building $70,000 Depreciation of factory equipment 37,500 Expired factory insurance 12,000 Accrued property taxes payable 36,500 1. 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. 135 Job No. 137 Job No. 138 Job No. 139 JOD N140 Materials Labor Overhead Total cost os 2. Prepare Journal entries to record the events and transactions a through 2 View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 > Record raw material purchases on credit. Notendens bar Debit General Journal Transaction Credit 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance Haw Mateinis inventory Work in Process Inventory End End bal Factory Overhead Finished Goods Inventory End bal. end bal Cost of Goods Solid 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in 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 Fred Goods Inventory Banca Cost of Conds sold

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