wines to the questions dispayed below Widmer Watercraft's predetermined overhead rate is 200% of direct labor formation on the companys production activities during May follows a. Purchased raw materials on credit $220.000 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 $ 49,000 33,500 19,400 22,800 7. 200 131,900 20,000 $151,900 c. Paid $15,500 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. There wages were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,200 10,700 38,100 39,000 4,000 104,000 27,000 $131,000 e. Applied overhead to Jobs 136, 138, and 139 Transferred Jobs 136, 138, and 139 to Finished Goods 9. Sold Jobs 136 and 138 on credit at a total price of $535.000 h. The company incurred the following overhead costs during the month credit Prepaid insurance for expired factory insurance) Depreciation of factory $70,000 Depreciation of factory equipment 37.888 Expired factory insurance 12, eee Accrued property taxes 37,000 payable L. 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 Prepare a report showing the total cost of each job in process and prove that the sum of their conts equals the Work m Process Inventory account balance. Prepare similar reports for Fished Goods Inventory and Cost of Goods Sold Report of Job Costs 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and cost of Goods Sold. Report of Job Costs Work in Process Inventory 0 Balance Finished Goods Inventory 0 Balance Cost of Goods Sold Balance $ 0 5. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. Raw Materials Inventory Work in Process Inventory End.bal. End.bal. 0 Factory Overhead Finished Goods Inventory End.bal. End.bal. Cost of Goods Sold End.bal. Required information (The following information applies to the questions displayed below! Widmer Watercraft's predetermined overhead rate is 200% of direct tibor Information on the company's production activities during May follows a. Purchased raw materials on credit. $220,000 b. Materials requisitions record une 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 $ 49,000 33,500 19,400 22,800 7,200 131,900 20,000 $151,900 c. Paid $15,500 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following tabor for the month. These wages were paid inch Job 136 Job 137 Job 138 Job 139 Job 140 Total direct tabor Indirect labor Total $ 12,200 10,700 38,100 39,000 4,000 104,000 27,000 $131,000 e. Applied overhead to Jobs 136, 138, and 139 1. Transferred Jobs 136. 138 and 139 to Finished Goods 9. Sold Jobs 136 and 138 on credit at a total price of $535.000. The company incurred the following overhead costs during the month fcredit Prepaid Insurance for expired factory insurance Depreciation of factory building $70,000 Depreciation of factory equipment 37,880 Expired factory insurance 12,000 Accrued property taxes 37,000 payable L. Applied overhead at month-end to the Work in Process Inventory account Jobs 137 and 540) using the predetermined overhead rate of 200% of direct labor cost. 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance Widmer Watercraft's predetermined overhead rate is 200% of direct inbor Information on the company's production activities during May follows. a. Purchased raw materials on credit. $220,000 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 $ 49,000 33,500 19,400 22,800 7,200 131,900 20,000 $151, 900 c. Pald $15,500 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 10,700 38,100 39,000 4,000 104,000 27,000 $131,888 e. Applied overhead to Jobs 136, 138, and 139. . Transferred Jobs 136, 138, and 139 to Finished Goods 9. Sold Jobs 136 and 138 on credit at a total price of $535.000 h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance) Depreciation of factory $70,000 building Depreciation of factory equipment 37,000 Expired factory insurance 12,800 Accrued property taxes payable 37,000 1. Applied overned 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 through Journal entry worksheet Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry