Required information [The following information applies to the questions displayed below.] Widmer Watercrafts predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the companys production activities during May 2017 follows. Purchased raw materials on credit, $200,000. Materials requisitions record use of the following materials for the month. Job 136 $49,500 Job 137 32,500 Job 138 20,000 Job 139 23,200 Job 140 7,200 Total direct materials 132,400 Indirect materials 21,000 Total materials used $153,400 Paid $15,250 cash to a computer consultant to reprogram factory equipment. 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 37,700 Job 139 39,400 Job 140 3,400 Total direct labor 103,200 Indirect labor 26,000 Total $129,200 Applied overhead to Jobs 136, 138, and 139. Transferred Jobs 136, 138, and 139 to Finished Goods. Sold Jobs 136 and 138 on credit at a total price of $550,000. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). Depreciation of factory building $68,500 Depreciation of factory equipment 37,500 Expired factory insurance 11,000 Accrued property taxes payable 36,500 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. rev: 02_01_2017_QC_CS-77139 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance.