[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, $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 requisitions $ 48,500 33,500 20,000 22,800 6,400 131,200 19,500 $ 150,700 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 $ 12,300 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total labor cost 10,600 37,900 39,000 3,600 103,400 26,000 $ 129,400 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 $540,000. g. Recorded the cost of goods sold for Jobs 136 and 138 h. Incurred the following actual other overhead costs during the month. Depreciation of factory building $ 68,000 Depreciation of factory equipment Expired factory insurance 37,500 12,000 Accrued property taxes payable 35,500 1. 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