TK Required ttps%253A%252F%2. Saved Help S Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Intormation 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 used $ 50,000 33,500 19,600 23,400 7,200 133,700 20,000 $153,700 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 136 Job 137 $ 12,300 10.600 140417827 3634005.jpg 1404997358280-3._.09 140431313 4130512...jpg .. 140603776_154504 LEN det de search Pus A Fur F x C + ( 0 & 7 9 8 % 5 $ 4 @ 2 6 3 O I R T Y W E J K L H . G F S D > 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 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,300 10,600 37,700 39,000 3,200 102,800 26,500 $129,300 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 $525.000, h. The company incurred the following overhead costs during the month (credit Prepaid insurance for expired factory insurance) Depreciation of factory building 568,000 T40447627_3634005, 109 14070877618345049 140491313 4130512.jpg 1973538339 search DP Y FB d+ FS: x FO & 7 % 5 0 $ 4 9 00 8 co 6 2 3 . Y W R E H . J KL G F S D Jired Saved Help Sar applied overhead to Jobs 136,138, and 139, Transferred Jobs 136, 138, and 139 to Finished Goods Sold Jobs 136 and 138 on credit at a total price of $525,000. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance) Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $68,000 38,500 12,988 36,500 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. blem 19-3A Part 4 epare a report showina the total cost of each job in process and prove that the sum of their costs equals the Work in Process 8 140647827 363-4005199 140603778_18845042.jpg 14933572103 140431313 41305129 DP F $ 0 & 7 % 5 9 8 6 3 4 P U LY T R W E E K K p/index.html?_con=con&external_browser=0&launchUrlhttps%253A%252F%2.. ework Required 6 Saved Help Sav 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Report of Job Costs Work in Process Inventory Balance Finished Goods Inventory Balance Cost of Goods Sold Balance 14044782716400529 1406037701834504 140431313_4130512.jpg 4.99 e to search e F Y X 22 FI 0 9 & 7 8 % 5 # 3 $ 4 6 2 P Y U T R E W K G H J D F. . S
