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4. Part 4 of 4 Required information 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 $ 50,000 Job 137 33,220 Job 138 19,600 Job 129 22.800 Job 140 7,400 Total direct materials Indirect materials 21.00 Total materials requisitions $ 153,800 132, see c. Time tickets record use of the following labor for the month. These weges were paid in cash. Job 136 Job 137 Job 138 Job 139 Job 148 Total direct labor Indirect labor Total labor cost $ 12,200 10.600 37.900 39.de 3.409 183,180 24,50 $ 127,600 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 $540,000. 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 $ 69,202 Depreciation of factory equipment 36,500 Expired factory insurance 12,000 Accrued property taxes payable 35,500 1. 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. 4. (a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. (b) Compute the total cost of each job finished but not sold, and prove that the sum of their costs equals the Finished Goods Inventory balance (c) Compute the total cost of esch job sold, and prove that the sum of their costs equels the cost of Goods Sold balance. Total Job Coats (a) Work in Process Inventory Balance (b) Finished Goods Inventory Balance (c) Cast of Goods Sold Balance

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