Required information 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 $ 48,000 32,000 19,200 22,400 6,400 128,000 19,500 Total materials requisitions $ 147,500 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 Job 137 Job 138 $ 12,000 10, 500 37,500