[The following information applies to the questions displayed below.]

Widmer Watercrafts predetermined overhead rate for year 2015 is 200% of direct labor. Information on the companys production activities during May 2015 follows.

a.	Purchased raw materials on credit, $220,000.
b.	Materials requisitions record use of the following materials for the month.

Job 136	$	49,500
Job 137		32,000
Job 138		19,600
Job 139		23,000
Job 140		7,200
Total direct materials		131,300
Indirect materials		21,500
Total materials used	$	152,800

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	$	12,200
Job 137		10,500
Job 138		38,100
Job 139		39,200
Job 140		3,800
Total direct labor		103,800
Indirect labor		24,500
Total	$	128,300

e.	Applied overhead to Jobs 136, 138, and 139.
f.	Transferred Jobs 136, 138, and 139 to Finished Goods.
g.	Sold Jobs 136 and 138 on credit at a total price of $545,000.
h.	The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

Depreciation of factory building	$	69,000
Depreciation of factory equipment		36,500
Expired factory insurance		10,000
Accrued property taxes payable		35,000

i.	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

2.	Prepare journal entries to record the events and transactions a through i.

3/Prepare T-accounts for each of the following general ledger accounts, each of which started the month with a zero balance: Raw Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Factory Payroll, Factory Overhead, Cost of Goods Sold. Post the journal entries from Part 2 to the following T-accounts

Raw Materials InventoryWork in Process InventoryEnd.bal.End.bal.Factory OverheadFinished Goods InventoryEnd.bal.End.bal.Cost of Goods SoldEnd.bal.