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, $260,000 b. Materials requisitions record use of the following materials for the month 57:06 Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 48,500 33,500 20,000 23,200 7,400 132,600 20,500 $153, 100 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 Jab 140 Total direct labor Indirect labor Total $ 12,000 10,500 37,700 39,000 3.600 102,800 26,000 $128,800 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 $535,000. 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 $68,500 38,000 11,000 35,000 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. 136 Job No. 137 Job No. 138 Job No. 130 Job No. 140 Materials Labor Overhead Total cost 2. Prepare journal entries to record the events and transactions a through i. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record raw material purchases on credit. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal