Required information Problem 15-4A (Algo) Preparing job cost sheets, recording costs, preparing inventory ledger accounts 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 Job 138 Job 139 $ 49,500 32,500 19,400 23,200 Job 140 Total direct materials Indirect materials 6,400 131,000 20,500 Total materials requisitions $ 151,500 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total labor cost $ 12,300 10,500 37,900 39,200 4,000 109,900 24,500 $128,400