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 is 200% of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $200,000. 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 32,000 20, 200 22,800 7,200 131,700 20,500 $152,200 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment Next > of 12 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 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,888 10,700 38, 109 39,600 3,000 103, 400 26,000 $129,400 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 $540,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for ex insurance) Depreciation of factory building Depreciation of factory equipment Expired factory insurance $68,500 37,500 11.000 Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,500 37,500 11,eee 36,500 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 Job No. 139 Job No. 138 Job No. 140 Job No. 137 Job No. 136 Materials Labor Overhead 0 0 $ $ 0 $ 0 $ s Total cost Problem 19-3A 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 Raw Materials inventory Work in Process Inventory 0 End bal End bal Finished Goods Inventory Factory Overhead End bal 0 End bal co 10 Next > 11 of 12 ILIR Ud Required information Ovo End bal End.bal 0 Cost of Goods Sold End bal. 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 0 Balance Finished Goods Inventory 0 Balance Cost of Goods Sold HE Next 3