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Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1, P2, P3 [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 Job 136 Job 137 30h 138 300 119 $ 49,500 32,500 19,400 c. Time tickets record use of the following labor for the month. These wages were paid in cash Job 140 Total direct labor Indirect labor Total labor cost 23,200 6,400 131,000 20,500 $ 151,500 $ 12,300 10,500 37,900 39,200 4,000 101,900 14,500 $ 128,400 Journal entry worksheet