Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3

Problem 19-3A 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, $260,000. 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 $ 49,500 33,000 19,600 23,000 7,200 132,300 21,000 $153,300 c. Paid $15,500 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 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,300 10,600 37,700 39,600 3,800 104,000 26,500 $130,500 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 $530,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance) Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $69,000 38,000 10,000 36,000 i. 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. Problem 19-3A Part 1 Required: 1. Prepare a job cost sheet for each job worked on during the month. X Answer is not complete. Job No. 136 49,500 Job No. 137 $ 33,000 Job No. 138 Job No. 139 Job No. 140 Materials $ $ $ $ 19,600 37,700 23,000 39,600 7,200 3,800 Labor 12,300 10,600 Overhead Total cost $ 61,800 $ 43,600 $ 57,300 $ 62,600 $ 11,000