Required information [The following information applies to the questions displayed below.] Widmer 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 $ 50, 000 Job 137 33, 000 Job 138 19 , 600 Job 139 22 , 600 Job 140 6 , 800 Total direct materials 132, 000 Indirect materials 20, 500 Total materials used $ 152, 500 c. Paid $15,750 cash to a computer consultant to reprogram factory equipment. d. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12 , 100 Job 137 10 , 800 Job 138 37, 700 Job 139 39 , 000 Job 140 3, 800 Total direct labor 103 , 400 Indirect labor 26 , 500 Total $129 , 900 e. Applied overhead to Jobs 136, 138, and 139. f. Transferred Jobs 136, 138, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $530,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance). Depreciation of factory building $69 , 500 Depreciation of factory equipment 37, 000 Expired factory insurance 11,000 Accrued property taxes payable 35, 500 i. 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. 2. Prepare journal entries to record the events and transactions a through /