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Required information Problem 19-3A Source documents, journalentries, and accounts in job order costing LO P1, P2, P3 [Thefollowing information applies to the questions displayed below.]Widmer Watercraft’s predetermined overhead rate for the year 2017is 200% of direct labor. Information on the company’s productionactivities during May 2017 follows. Purchased raw materials oncredit, $220,000. Materials requisitions record use of thefollowing materials for the month. Job 136 $ 48,500 Job 137 32,500Job 138 19,800 Job 139 22,800 Job 140 7,000 Total direct materials130,600 Indirect materials 20,500 Total materials used $ 151,100Paid $15,000 cash to a computer consultant to reprogram factoryequipment. Time tickets record use of the following labor for themonth. These wages were paid in cash. Job 136 $ 12,100 Job 13710,600 Job 138 37,700 Job 139 39,600 Job 140 3,600 Total directlabor 103,600 Indirect labor 24,500 Total $ 128,100 Appliedoverhead to Jobs 136, 138, and 139. Transferred Jobs 136, 138, and139 to Finished Goods. Sold Jobs 136 and 138 on credit at a totalprice of $535,000. The company incurred the following overheadcosts during the month (credit Prepaid Insurance for expiredfactory insurance). Depreciation of factory building $ 69,500Depreciation of factory equipment 38,500 Expired factory insurance11,000 Accrued property taxes payable 35,000 Applied overhead atmonth-end to the Work in Process Inventory account (Jobs 137 and140) using the predetermined overhead rate of 200% of direct laborcost.