(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, $260,000. 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 $ 49,000 32,500 19,400 22,600 6,400 129,900 21,000 $ 150,900 c. 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 labor cost $ 12,100 10,700 37,900 39,000 3,200 102,900 26,000 $ 128,900 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 $535,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. Total labor cost $ 128,900 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 $535,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. $ 68,500 37,500 Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable 11,000 35,000 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. Required: 1. Prepare a job cost sheet for each job worked on during the month. Job Number 136 Job Number 137 Job Number 138 Job Number 139 Job Number 140 $ Materials Labor 49,000 12,100 Overhead Total cost $ 61,100 $ 0 $ 0 $ 0 $ 0 2. Prepare journal entries to record the events and transactions a through i. View transaction list Journal entry worksheet Record raw material purchases on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit a. 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 the requisition of direct materials. Note: Enter debits before credits. Transaction General Journal Debit Credit b(1). Record entry Clear entry View general journal 1 2. Prepare journal entries to record the events and transactions a through i. View transaction list Journal entry worksheet Record the indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit b(2). Record entry Clear entry View general journal S View transaction list Journal entry worksheet LLLLLLLLL Record the entry for direct labor, paid in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction c(1) Record entry Clear entry View general journal 9 View transaction list Journal entry worksheet Record the entry for indirect labor, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit c(2). Record entry Clear entry View general journal 2 View transaction list Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the entry for sales on account for Jobs 136 and 138. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Record entry Clear entry View general journal ! View transaction list Journal entry worksheet Record the entry for the cost of jobs 136 and 138. Note: Enter debits before credits. Transaction General Journal Debit Credit g Record entry Clear entry View general journal ) View transaction list Journal entry worksheet Record the entry for the actual overhead costs incurred. 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 list Journal entry worksheet