Required information Skip to question [The following information applies to the questions displayed below.] Watercrafts predetermined overhead rate is 200% of direct labor. Information on the companys production activities during May follows. Purchased raw materials on credit, $200,000. Materials requisitions record use of the following materials for the month. Job 136 $ 48,500 Job 137 32,000 Job 138 20,000 Job 139 22,800 Job 140 6,400 Total direct materials 129,700 Indirect materials 20,000 Total materials requisitions $ 149,700 Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 10,600 Job 138 37,500 Job 139 39,600 Job 140 3,800 Total direct labor 103,600 Indirect labor 27,000 Total labor cost $ 130,600 Applied overhead to Jobs 136, 138, and 139. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. Sold Jobs 136 and 138 on credit at a total price of $535,000. Recorded the cost of goods sold for Jobs 136 and 138. Incurred the following actual other overhead costs during the month. Depreciation of factory building $ 69,500 Depreciation of factory equipment 37,000 Expired factory insurance 11,000 Accrued property taxes payable 35,500 Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. 4. (a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. (b) Compute the total cost of each job finished but not sold, and prove that the sum of their costs equals the Finished Goods Inventory balance. (c) Compute the total cost of each job sold, and prove that the sum of their costs equals the Cost of Goods Sold balance.

Total Job Costs
(a) Work in Process Inventory
Balance
(b) Finished Goods Inventory
Balance
(c) Cost of Goods Sold
Balance