Question: Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1,P2,P3 [The folfowing information applies to the questions displayed

 Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs,
preparing inventory ledger accounts LO P1,P2,P3 [The folfowing information applies to the
questions displayed below] Watercraft's predetermined overhead rate is 200% of direct labor.
Information on the company's production actviilies during May follows. a. Purchased raw

Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P1,P2,P3 [The folfowing information applies to the questions displayed below] Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production actviilies during May follows. a. Purchased raw materials on credit, $240,000. b. Materlals requisitions record use of the following materiais for the month. 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 $540.000. g. Recorded the cost of goods sold for Jobs 136 and 138 . h. Incurred the following actual other overhead costs during the month. 1. Applied overhead at month-end to the Work in Process Inventory account (for Job 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 k (1) Required information

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