Widmer Watercrafts predetermined overhead rate for year 2015 is 200% of direct labor. Information on the companys production activities during May 2015 follows.

a.	Purchased raw materials on credit, $200,000.
b.	Materials requisitions record use of the following materials for the month.

Job 136	$	48,000
Job 137		32,000
Job 138		19,200
Job 139		22,400
Job 140		6,400
Total direct materials		128,000
Indirect materials		19,500
Total materials used	$	147,500

c.	Paid $15,000 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	$	12,000
Job 137		10,500
Job 138		37,500
Job 139		39,000
Job 140		3,000
Total direct labor		102,000
Indirect labor		24,000
Total	$	126,000

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 $525,000.
h.	The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

Depreciation of factory building	$	68,000
Depreciation of factory equipment		36,500
Expired factory insurance		10,000
Accrued property taxes payable		35,000

:::::::::::::::::::::::QUESTION:::::::

Prepare T-accounts for each of the following general ledger accounts, each of which started the month with a zero balance: Raw Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Factory Payroll, Factory Overhead, Cost of Goods Sold. Post the journal entries from Part 2 to the following T-accounts.

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.

ollowing -accounts Raw Materials Inventory Work in Process Inventory 200,000 153,200 b. End.bal 46,800 End.bal. 0 Factory Overhead Finished Goods Inventory 361,700 9 C. End.bal. 361,700 End.bal. 0 Cost of Goods Sold End.bal. 0