Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1, P2, P3 [The following information applies to the questions displayed below.] Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May 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 $ 49,500 34,000 20,200 22,400 Job 140 Total direct materials Indirect materials 7,200 133,300 21,000 Total materials requisitions $ 154,300 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 Job 138 Job 139 10,600 38,100 39,200 Job 140 Total direct labor Indirect labor 3,400 103,400 25,000 Total labor cost $ 128,400