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 8. Purchased raw materials on credit. $220.000 b. Materials requisitions record use of the following materials for the month Total direct materials Indirect materials Total materials used c. Paid $15 250 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 117 Total direct laber Indirect labor Total e. Applied overhead to Jobs 136, 128 and 129 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 insurancel 36,500 Depreciation of factory building Depreciation of factory equipment Expired factory Insurance Accrued property taxes payable 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. 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 raw material purchases on credit, Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the requisition of direct and indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record payment to computer consultant to reprogram factory equipment. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for direct and indirect labor, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit d Record entry Clear entry View general journal Journal entry worksheet Record the entry to apply overhead to jobs 136, 138 and 139. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the transfer of completed jobs 136,138 and 139 to finished goods. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for sales on account for Jobs 136 and 138. Note: Enter debits before credits General Journal Debit Credit Transaction g(1) Record entry Clear entry View general journal Journal entry worksheet Record the entry for the cost of sales of Jobs 136 and 138. Note: Enter debits before credits Transaction General Journal Debit Credit 962) Record entry Clear entry View general journal Journal entry worksheet Record other factory overhead (depreciation, insurance and property taxes). Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet