[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. $48,500 Job 137 33,500 Job 1381 20,000 Job 139 22,800 Job 140 6,400 Total direct materials. 131,200 19,500 Indirect materials Total materials requisitions $ 150,700 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,300 Job 137 10,600 Job 138 37,900 Job 139 39,000 Job 140 3,600 Total direct labor 103,400 Indirect labor 26,000 Total labor cost $ 129,400 d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. 1. 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 35,500 Accrued property taxes payable 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. No 1 2 3 5 6 7 8 9 10 11 Transaction ma. b(1) b(2) c(1). c(2). d. e. f 9 h. Answer is not complete. General Journal Raw materials inventory Accounts payable Work in process inventory Factory overhead Raw materials inventory Work in process inventory Factory overhead Finished goods inventory Work in process inventory Accounts receivable Sales Cost of goods sold Finished goods inventory Factory overhead Accumulated depreciation-Factory building Accumulated depreciation-Factory equipment Insurance expense Prepaid insurance Work in process inventory Factory overhead 33 Debit 220,000 131,200 19,500 103,400 16,000 178,400 X 358,900 358,900 540,000 219,100 153,000 28,400 Credit 220,000 19,500 358,900 540,000 219.100 68,000 37,500 12.000 35,500 28.400