Required information 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 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. Tob 136 Job 137 s 48, 500 33,500 20,000 23,400 .200 Job 139 ob 140 Total direct saterials materiale Total naterials used s 152,600 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. C Prev 8 of 9Next> 20 8 5 6 8 9 18-19 (Extra Credit) Tob 136 Tob 137 Job 138 Job 139 Job 140 Total di rect labor tndirect labor s 12,000 10,700 37,900 39,200 ,000 103,800 23,500 129,300 Total 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 $545,000. h. The company lincurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance Depreciation of factory bailding Depreciation of factory eqguipment Expired factory insurance Acerued property taxes payable 8, 000 10,000 35,000 LAppiles overtied ofonth end to the work in Process iventoy ccount Uobs 37 and 14) using the predetermined overhead rate of 200% of direct labor cost. y account (Jobs 137 and 140) using the predetermined 5 7 9 Problem 19-3A Part 4 4. Prepare a report showing the total cost of each job in process and prove that the sum of thelr costs equals the Work in Process Inventory account balance. Prepare simlar reports for Finished Goods Inventory and Cost of Goods Sold Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Prey 8 of 9 Next > 889 8 9