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, $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 requisitions $ 50,000 33,500 19,800 22,800 7,200 133,300 20,500 $ 153,800 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 $ 12,200 10,600 Job 138 37,900 Job 139 39,400 Job 140 3,600 Total direct labor Indirect labor 103,700 25,500 Total labor cost $ 129,200 d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. f. Sold Jobs 136 and 138 on credit at a total price of $545,000. 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 Expired factory insurance Accrued property taxes payable $ 69,500 36,500 11,000 36,000 1. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the i. 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. Answer is complete but not entirely correct. Total Job Costs (a) Work in Process Inventory Job 136 $ 86,600 Job 138 * 133,500 Job 139 * 141,000x Balance 361,100 Total Job Costs (a) Work in Process Inventory Job 136 S 86,600 Job 138 133,500 Job 139 141,000 Balance 361,100 (b) Finished Goods Inventory Job 136 24,400x Job 138 75,800 x Balance 100,200 (c) Cost of Goods Sold Job 136 86,600 Job 138 133,500 Balance $ 220,100