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, $220,000. 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 used $ 49,50 33,2ee 20,200 23. Bee 7.280 132,90e 21,200 $153,900 C. Pald $16.000 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 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,300 10,500 37.709 39.00 3,800 183,300 24, ses $127,800 e. Applled overhead to jobs 136, 138, and 139. 1. Transferred Jobs 136, 138, and 139 to Finished Goods. g. Sold Jobs 136 and 138 on credit at a total price of $535.000. n. 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 insurance Accrued property taxes payable $69,5ee 36,58 11,00 35,500 I. Appiled 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 I. View trancestion list Journal entry worksheet 2 3 4 5 7 3 10 > Record raw material purchases on credit. Note: Enter debits before credits. Transaction Debit Credit General Journal Raw materials inventory Accounts payable