Widmer 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, $200,000 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 $ 49,500 32,500 19,600 23,000 6,800 131,400 21,560 $152,900 c. Paid $15,500 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 $ 12,200 10,800 37,500 39,400 3.300 103,700 26,000 $129,700 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 $530,000. h. 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 $69.500 38,500 11.089 37.000 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. 2. Prepare journal entries to record the events and transactions a through L View transaction list Journal entry worksheet 8 9 10 Record raw material purchases on credit. - Prepare journal entries to record the events and transactions a through i. View transaction list Journal entry worksheet Record the entry for sales on account for Jobs 136 and 138. Note: Enter debits before credits. General Journal Debit Credit Transaction g(1). Record entry Clear entry View general journal 2. Prepare journal entries to record the events and transactions a through / View transaction list Journal entry worksheet Record the entry for the cost of sales of Jobs 136 and 138. Note: Enter debits before credits. General Journal Debit Credit Transaction 9(2) Record entry Clear entry View general journal Prepare journal entries to record the events and transactions a through i View transaction list Journal entry worksheet Record raw material purchases on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit I Record entry Clear entry View general journal