Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing Inventory ledger accounts LO P1, P2, P3 [The following infarmation applles to the questions displayed betowi] Watercraft's predetermined overhead rate is 200% of drect laboc information an the company's production actMvies: during Mry follow: a. Purchased raw materals on credit, $240,000. b. Materials requistions record use of the following materials for the month. C. Time tckets record use of the following labor for the morthi. These wages were paid in cash. d. Appled overhead to Jobs 136. 138, and 139 . e. Translerred jobs 136. 138, and 139, to Finiehed Goods inventocy, t. Sold Jobs 136 and 138 on credit at a total pnce of $535,000. 9. Recorded the cost of goods sold for Jobs 756 andia38. h. Incurred the following actual other ovehead costs during the mocith. 1. Applied overhead at monthend to the Work in Procecs invecion accourt ifor Job 137 and 140 ) using the predetermined overhesd rate of 2003 of croc libor cost. Problem 15.4A (Algo) Part 1 Requirect 1. Prepare a job cost theet tor eschjob wokked on dunng the month