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, $200,000 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 materiale Total materials used 549.000 33,000 19,600 22.400 6.800 130,800 21.000 5151,600 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 Jab 137 Job 138 Jab 139 Job 140 Total direct labor Indirect labor Totat 3.12.100 10.600 38,100 39.400 3.400 103,600 22.000 $110.00 e. Applied overhead to Jobs 136. 138. and 139 Transferred Jobs 136, 138, and 139 to Finished Goods 9. Sold Jobs 136 and 138 on credit at a total price of $535,000 h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance Job 136 Job 137 Job 18 Job 119 Job 140 Total direct materiale Indirect materiala Total materiala vad $49.000 3,000 19.600 22.400 5,400 130,00 21.000 $191,800 c. Pald $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 Job 12 Job 138 Sob 139 Job 140 Total direct labor Todirect labor Total # 12,100 10.600 38,100 >>,400 103.00 22.000 $130,00 e. Applied overhead to Jobs 136, 138, and 139 Transferred Jobs 136, 138, and 139 to Finished Goods 9. Sold Jobs 136 and 138 on credit at a total price of $535,000 h. The company incurred the following overhead costs during the month credit Prepaid Insurance for expired factory insurance) Depreciation of factory building Depreciation of factory equipment Expired Factory Instance Heered property taxes payable $69.500 38,000 11,000 37,600 L. 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. Required: 1. Prepare a job cost sheet for each job worked on during the month. Job No. 136 Job No. 137 Job No. 138 Job No. 139 Job No. 140 Materials Labor Overhead Total cost $ 0 $ 0 $ 0 $ 0 $ 2. Prepare journal entries to record the events and transactions a through View transaction les Journal entry worksheet 3 es 2 5 6 7 8 9 10 > Record raw material purchases on credit. Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 2. Prepare journal entries to record the events and transactions a through / View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 10 Record the requisition of direct and indirect materials. Note: Enter debits before credits Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal 2. Prepare journal entries to record the events and transactions a through i. View transaction list Journal entry worksheet Record other factory overhead (depreciation, Insurance and property taxes). Note: Enter debits before credits Transaction General Journal Debit Credit h. Record entry Clear entry View general Journal 2. Prepare journal entries to record the events and transactions a through i View transaction that Journal entry worksheet 2 3 5 6 8 9 10 Record the entry to apply overhead to Jobs 137 and 140 (Work in Process). Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance Raw Materials Inventory Work in Process Inventory End bal End bal Factory Overhead Finished Goods Inventory End bal 0 End bal. 0 Cost of Goods Bond End bal o 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process inventory Balance Finished Goods Inventory 0 Balance Cool of Goods Sold Balance