Required Information The following information applies to the questions displayed below) 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, $260,000 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 requisitions $ 48,500 33,500 19,600 23,000 7,000 131,600 21,000 $ 152, 600 c. 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 Tota Labor cost $ 12,200 10,600 37,700 39,200 3,600 103,300 26,000 $ 129,300 d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 10 Finished Goods Inventory 1. Sold Jobs 136 and 138 on credit at a total price of $530,000 g. Recorded the cost of goods sold for Jobs 136 and 138 h. Incurred the following actual other overhead costs during the month Depreciation of factory building Depreciation of factory equipment Rapired factory Insurance Mered property tax payable $68,500 37.500 12,000 36,500 Applied overhead at montend to the Work in Process inventory account for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost (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 0 (b) Finished Goods Inventory Balance 0 (c) Cost of Goods Sold Balance $ $ 0