Widmer watercrafts predetermined overhead date for year 2017 is 200% or direct labor. Information on the conpanyMa production activities during May 2017 follows.

A. Purchased raw materials on credit, $240,000

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

C. Paid $15,750 cash to a computer consultant reprogram factory equipment.

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

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)

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 throught i.

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

4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equal the Work in Profess Inventory account balance. Prepare similar reports for Finished Goods and Costs of Goods Sold.

Saved Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 [The following information applies to the questions displayed below] Widmer watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's of 4 production activities during May 2017 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 used $50,000 33,500 19,800 23,000 6,600 132,900 21,000 ook rint 153,900 rences c. Paid $15,750 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 10,600 37,900 39,200 103,700 25,500 s 129,200 Next 2 Help c Paid $15,750 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month These wages were pald in cash of 4 Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total s 12,200 10,600 37,900 39200 Total dsrect labor 103,00 103,700 25,500 129,200 ok 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 manth (credit Prepaid Insurance for insurance). Depreciation of factory building 69,500 Depreciation of factory equipment Expired factory insurance Accrued property taxes payable 38,000 12,000 35,500 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. 7 Problem 19-3A Part 2 Part 2 of 4 2. Prepare journal entries to record the events and transactions a through 10 points View transaction list Journal entry worksheet eBopk 8 9 10 Print Record raw material purchases on credit. References Note: Enter debits before credits. nsactiorn General Journial Debit Credit View genoral Journal Clear entry Record entry apter 19-Homework Hell 8 Problem 19-3A Part 3 rt 3 of 43. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. End bal. End.bal. Print End bal. End bal. Cost of Goods Sold End bal. CAapter 19- Homework 9 Part 4 of 4 Problem 19-3A Part 4 10 polnts 4. Prepare a report showing the total cost of each job In process and prove that the sum of thelr costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold. Work in Process Inventory eBook Print Balance Finished Goods Inventory References Balance Cost of Goods Sold Balance