Problem 15-4A (Static) 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, $200,000. 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 requisitions $ 48,000 32,000 19, 200 22,400 6,400 128,000 19,500 $ 147,500 c. Time tickets record use of the following labor for the month. These wages were paid in cash.

d. Applied overhead to Jobs 136, 138, and 139. e. Transferred Jobs 136,138 , and 139 to Finished Goods Inventory f. Sold Jobs 136 and 138 on credit at a total price of $525,000. g. Recorded the cost of goods sold for 4 pbs 136 and 138. h. Incurred the following actual other ordirhead costs during the month. i. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and Job 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 15-4A (Static) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1, P2, P3 [The following information opplies 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, $200,000. b. Materials requisitions record use of the following materials for the month c. Time tickets record use of the following labor for the month. These wages were paid in cash. Required information Required information