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

1. Purchased raw materials on credit, $200,000.

Materials requisitions record use of the following materials for the month.

Job 136	$ 48,500
Job 137	33,000
Job 138	19,600
Job 139	22,600
Job 140	6,600
Total direct materials	130,300
Indirect materials	21,500
Total materials requisitions	$ 151,800

Time tickets record use of the following labor for the month. These wages were paid in cash.

Job 136	$ 12,200
Job 137	10,600
Job 138	37,900
Job 139	39,600
Job 140	3,800
Total direct labor	104,100
Indirect labor	26,000
Total labor cost	$ 130,100

1. Applied overhead to Jobs 136, 138, and 139.
2. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory.
3. Sold Jobs 136 and 138 on credit at a total price of $550,000.
4. Recorded the cost of goods sold for Jobs 136 and 138.

Incurred the following actual other overhead costs during the month.

Depreciation of factory building	$ 69,500
Depreciation of factory equipment	38,000
Expired factory insurance	11,000
Accrued property taxes payable	35,500

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.

Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance.

(1) Required information