Required information 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 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,500 32,500 19,400 22,600 7,200 131,200 20, 500 $151.700 c. Paid $16,000 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 25 26 101 wulk. Chapter 15, Job Order Costing 6 Required information Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12, 200 10,600 38, 100 39,000 3,000 102, 900 26,000 $128,900 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 $530,000. 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 37,000 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. Next > Prey 25 26 of 288 27 28 TITULU property taxes payable 37,000 i. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the pred 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. es Job No. 140 Job No. 136 $ 49,500 12,200 Job No. 137 $ 32,500 10,600 Job No. 138 $ 19,400 3 8,100 Job No. 139 $ 22,600 39,000 3,000 Materials Labor Overhead Total cost $ 61,700 $ 43,100 $ 57,500 $ 61,600 $ 10,200 25