Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during...

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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 $ 48,500 32,000 19,400 Job 139 23,200 Job 140 Total direct materials Indirect materials Total materials requisitions 6,600 129,700 21,000 $ 150,700 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total labor cost 10,700 37,700 39,200 3,200 102,900 25,500 $ 128,400 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 $530,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. Depreciation of factory building $ 69,500 Depreciation of factory equipment Expired factory insurance 38,000 10,000 Accrued property taxes payable 36,500 i. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost. 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 $ 48,500 32,000 19,400 Job 139 23,200 Job 140 Total direct materials Indirect materials Total materials requisitions 6,600 129,700 21,000 $ 150,700 c. Time tickets record use of the following labor for the month. These wages were paid in cash. Job 136 $ 12,100 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total labor cost 10,700 37,700 39,200 3,200 102,900 25,500 $ 128,400 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 $530,000. g. Recorded the cost of goods sold for Jobs 136 and 138. h. Incurred the following actual other overhead costs during the month. Depreciation of factory building $ 69,500 Depreciation of factory equipment Expired factory insurance 38,000 10,000 Accrued property taxes payable 36,500 i. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.