Required information Problem 19-3A Source documents, journal entries, and accounts in job order costing LO P1, P2, P3 (The following information applies to the questions displayed below) Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company production activities during May 2017 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 used $ 50,000 34,000 19,800 23,400 6.400 133,600 20.000 $ 153,600 c. Paid $15.000 cash to a computer consultant to reprogram factory equipment. d. 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 12,200 10, 700 37,700 39,200 600 103,400 26,500 6 7 8 9 of 10 Next > Help c. Paid $15,000 cash to a computer consultant to reprogram factory equipment d. 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 $ 12,200 10,700 37.700 39,200 3.600 103,400 26,500 $ 129,900 TOOR e. Applied overhead to Jobs 136, 138, and 139. Transferred Jobs 136, 138, and 139 to Finished Goods g. Sold Jobs 136 and 138 on credit at a total price of $540,000. h. The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance) erences 70,000 37,500 Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable 35,500 1. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. 6 7 8 9 of 10 !! Next > Depreciation of factory building Depreciation of factory equipment Expired factory insurance Accrued property taxes payable $ 70,000 37,500 10,000 35,500 1. Applied overhead at month-end to the Work in Process Inventory account (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. Problem 19-3A Part 1 inces Required: 1. Prepare a job cost sheet for each job worked on during the month. Job No. 136 $ 50,000 12,200 Job No. 137 $ 34,000 10,700 Job No. 138 $ 19,800 37.700 Job No. 139 $ 23,400 3 9,200 Job No. 140 $ 6,400 3,600 Materials Labor Overhead Total cost $ 62,600 $ 10,000 $ 57,500 $ $ 44,700 62,200 , Next > 6 7 8 9 of 10