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. 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance.