Widmer Watercrafts predetermined overhead rate for year 2013 is 200% of direct labor. Information on the companys production activities during May 2013 follows.

a.	Purchased raw materials on credit, $240,000.
b.	Paid $129,600 cash for factory wages.
c.	Paid $15,750 cash to a computer consultant to reprogram factory equipment.
d.	Materials requisitions record use of the following materials for the month.

Job 136	$	48,500
Job 137		33,500
Job 138		19,200
Job 139		22,600
Job 140		6,800
Total direct materials		130,600
Indirect materials		20,000
Total materials used	$	150,600

e.	Time tickets record use of the following labor for the month.

Job 136	$	12,100
Job 137		10,500
Job 138		37,900
Job 139		39,400
Job 140		3,200
Total direct labor		103,100
Indirect labor		26,500
Total	$	129,600

f.	Applied overhead to Jobs 136, 138, and 139.
g.	Transferred Jobs 136, 138, and 139 to Finished Goods.
h.	Sold Jobs 136 and 138 on credit at a total price of $545,000.
i.	The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

Depreciation of factory building	$	69,000
Depreciation of factory equipment		37,000
Expired factory insurance		11,000
Accrued property taxes payable		36,500

j.

Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.

1.

Prepare a job cost sheet for each job worked on during the month.

2.	Prepare journal entries to record the events and transactions a through j.

3.

Prepare T-accounts for each of the following general ledger accounts, each of which started the month with a zero balance: Raw Materials Inventory, Goods in Process Inventory, Finished Goods Inventory, Factory Payroll, Factory Overhead, Cost of Goods Sold. Then post the journal entries to these T-accounts and determine the balance of each account