Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows.

1. Purchased raw materials on credit, $240,000.
2. Materials requisitions record use of the following materials for the month.

Job 136	$ 49,000
Job 137	34,000
Job 138	19,400
Job 139	23,000
Job 140	6,600
Total direct materials	132,000
Indirect materials	21,000
Total materials requisitions	$ 153,000

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

Job 136	$ 12,000
Job 137	10,500
Job 138	37,700
Job 139	39,600
Job 140	3,400
Total direct labor	103,200
Indirect labor	27,000
Total labor cost	$ 130,200

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 $535,000.
4. Recorded the cost of goods sold for Jobs 136 and 138.
5. Incurred the followingactual other overhead costs during the month.

Depreciation of factory building	$ 69,500
Depreciation of factory equipment	37,000
Expired factory insurance	10,000
Accrued property taxes payable	37,000

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.

2.Prepare journal entries to record the events and transactionsathroughi.

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