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3 Part 1 of 2 10 points eBook P Print References Check my work Required Information [The following information applies to the questions displayed below.] 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, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 49,500 Job 137 33,000 Job 138 19,400 Job 139 23,000 Job 140 7,200 Total direct materials 132,100 Indirect materials 21,500 Total materials used $153,600 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 $ 12,200 Job 137 10,700 Job 138 38,100 Job 139 39,000 Job 140 3,200 Total direct labor 103,200 Indirect labor 25,000 Total $128,200 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 $545,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). Depreciation of factory building $ 68,500 Depreciation of factory equipment Expired factory insurance 38,500 11,000 35,500 Accrued property taxes payable 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. 136 Job No. 137 Job No. 138 Job No. 139 Materials Labor Overhead Total cost Job No. 140