Problem 02-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [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. $49.000 32,500 20,000 23.000 Job 136 Job 137 Job 130 Job 130 ob 140 Total direct materials Indirect material Total materials used 131,300 19.500 $150,00 c. Pald $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 Job 117 Job 130 Job 13 Job 140 Total direct labor Indirect labor Total $ 12,200 10.00 39,000 39,000 5.000 103,200 24.500 $127,700 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 $540,000, h. The company incurred the following overhead costs during the month credit Prepaid Insurance for expired factory Insurance 36,500 Depreciation of factory building Denrection of factory out You apped this question in the present 10 insurance Part 4 Depreciation of factory building Depreciation of factory Expired factory insurance Accrued property taxes ble 3,500 18.000 11,000 9 Don L.Applied overhead at month-end to the Work in Process inventory accounts 7 and thus the proteine overhead rate of 200 of direct labor cost Problem 02-3A Part 4 AN 4. Prepare a report showing the total cost of each job in process and prove that the sum of War Post Inventory account balance. Prepare similar reports for Finished Goods and cost od Report of Job Costs Work in Process inventory References Balance Finished Goods inventory Balance Cost of Goods Sold 5 Balance