Required information Problem 15-3A 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 for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 340 Total direct materials Indirect materials Total materials used $ 49,000 33,000 19.800 23, 200 6.800 131, 800 20,500 $152,300 c. Pald $15,000 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 3ob 139 Job 140 Total direct labor Indirect labor Total $ 12, 200 12,800 38.100 39.000 3,200 103, 100 25,500 $120.600 e. Applied overhead to Jobs 136, 138, and 139, Transferred Jobs 136, 138, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $540,000 1. 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 $70,000 37,000 10,000 36,000 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, Problem 15-3A Part 1 Required: 1. Prepare a job cost sheet for each job worked on during the month. Job No. 140 6,800 3,200 Job No. 136 Job No. 137 Job No. 138 Job No. 139 49,000 $ 33.000 $ 19,800 $ 23,200 12,200 10,6001 38,100 39,000 $ 10,000 Materials Labor Overhead Total cost 62,200 43,600 $ 57,900 $ s 61,200 $ Journal entry worksheet > 10 9 5 6 8 5 4. 7 3 Required information 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Raw Materials Inventory Work in Process Inventory Endbal End.bal Factory Overhead Finished Goods Inventory End bol Endbal Cost of Goods Sold Cost of Goods Sold End bal Question 4 - Test 2-Connect X + cation.com/ext/map/index.html?_con=con&external browser=0&launchurl=https%253A%252F%252Fblackboard.shawnee, edu%252Fwebe Saved Help Problem 15-3A Part 4 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance