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 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.

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. c. Time tickets record use of the following labor for the month. These wages were paid in cash 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 Jobs 136 and 138 . h. Incurred the following actual other overhead costs during the month. Problem 15.4A (Static) Part 3 3. Post the joumal entries for the transactions to the following T-accounts, each of which started the month with a zero balance \begin{tabular}{|l|r|r|} \hline & \multicolumn{3}{|c|}{ Finished Goods Inventory } \\ \hline & 355,100 & 215,700 \\ \hline & & \\ \hline Ending balance & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}