Part 7 of 14 Points: 1.71 of 5 Save Memory Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events occurred during May (Click the icon to view the events.) Read the requirements Prepaid Insurance (1) Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost Date Journal Entry Accounts Work in Process Inventory Manufacturing Overhead (g) Chalets completed: 13, 15, and 16. More info 6,000 indirect labor. Used direct labor in manufacturing as follows: Direct Labor Chalet 13.. 14,500 Chalet 14. 28,000 Chale 15. 19.500 Chalet 16..... c. Requisitioned direct materials in manufacturing as follows 21,700 Debit Credit 50.220 50,220 Chalet 13..... Chalet 14. Chalet 15. Chalet 16. Journal Entry Date Accounts Debit Credit Finished Goods Inventory Work in Process Inventory Direct Materiale 41,500 56,900 62.600 66,500 d. Depreciation of manufacturing equipment used on different chalets, $6,100 e. Other overhead costs incurred on Chalets 13-16 Equipment rentals paid in cash.... $ Prepaid plant insurance expired. 10,700 6,000 f. Alocated overhead to jobs at the predetermined rate of 60% of direct labor cost g. Chalets completed: 13, 15, and 16 h. Chalets sold on account 13 for $96,000 and 16 for $145,000