Prepare journal entries to record the events and transactions a through i.

a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use ofthe following materials for the month. Job 136 $ 49,000 Job 137 33,000 Job 138 19,600 Job 139 22,800 Job 140 7,200 Total direct materials 131,600 Indirect materials 20,000 Total materials requisitions $ 151,500 C. Time tickets record use ofthe following labor for the month' These wages were paid in cash' Job 136 $ 12,100 Job 137 10,800 Job 138 37,700 Job 139 39,400 Job 140 3,200 Total direct labor 103,200 Indirect labor 25,500 Total labor cost $ 123.7% d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. f. Sold Jobs 136 and 138 on credit at a total price of $545,000. 9. Recorded the cost of goods sold for Jobs 136 and 138' h. Incurred the following actual other overhead costs during the month. Depreciation of factory building $ 68,500 Depreciation of factory equipment 38,000 Expired factory insurance 11,000 Accrued property taxes payable 36,500 i. Applied overhead at monthend to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost