Watercrafts predetermined overhead rate is 200% of direct labor. Information on the companys production activities during May follows. a. Purchased raw materials on credit, $260,000. b. Materials requisitions record use of the following materials for the month. Job 136 $ 48,500 Job 137 33,500 Job 138 19,800 Job 139 23,000 Job 140 7,000 Total direct materials 131,800 Indirect materials 20,500 Total materials requisitions $ 152,300 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 10,600 Job 138 37,700 Job 139 39,200 Job 140 3,200 Total direct labor 102,800 Indirect labor 24,500 Total labor cost $ 127,300 d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136, 138, and 139 to Finished Goods Inventory. f. Sold Jobs 136 and 138 on credit at a total price of $535,000. 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 $ 70,000 Depreciation of factory equipment 38,000 Expired factory insurance 11,000 Accrued property taxes payable 35,500 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.