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 is 200 % of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $240,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 48,500 32,500 19,600 22,600 6,400 129,600 21,000 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $150,600 c. Paid $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. $ 12,200 10,500 37,700 Job 136 Job 137 Job 138 1ah 130 Dro Novt 97 Indirect materials 21,ee0 Total materials used $150,600 c. Paid $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 137 $ 12,200 1e,see Job 138 Job 139 Job 140 Total direct labor Indirect labor 37,700 39,000 3,600 1e3,00e 26,see Total $129,500 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 $525,000 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 equipeent Expired factory insurance Accrued property taxes payable $69,500 37,000 12,000 36,000 L. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined L 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 3 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Work in Process Inventory Raw Materials Inventory End bal End bal Finished Goods Inventory Factory Overhead End bal. Next > 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 End bal End bal Factory Overhead Finished Goods Inventory End bal. End bal. 0 Cost of Goods Sold End bal