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, $240,000 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 requisitions $ 48,500 33,500 20,000 23,000 6,800 131,800 21,500 $ 153,300 c. 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 labor cost $ 12,000 10,600 37,500 39,000 3,000 102, 100 24,000 $ 126, 100 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 $545,000 9. 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 Depreciation of factory equipment 69,500 37,500 Accrued property taxes payable 37,800 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 transactions a through View transaction list Journal entry worksheet Record the requisition of direct materials. Note: Enter debits before credits General Journal Debit Transaction b(1) Credit Record entry Clear entry View general journal Journal entry worksheet Record the entry for indirect labor, paid in cash. Note: Enter debits before credits. Transaction c(2). General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet > 5 8 6 Record the entry for sales on account for Jobs 136 and 138. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general journal Journal entry worksheet