Required information 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, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 $ 48,500 33,500 Job 138 Job 139 19,600 22,400 Job 140 Total direct materials Indirect materials 7,200 131,200 20,000 Total materials requisitions $ 151,200 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 $ 12,300 10,500 37,900