[The following information applies to the questionsdisplayed 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.

1. Purchased raw materials on credit, $240,000.
2. Materials requisitions record use of the following materialsfor the month.

Job 136	$	48,500
Job 137		33,000
Job 138		20,000
Job 139		23,000
Job 140		7,200
Total direct materials		131,700
Indirect materials		21,500
Total materials used	$	153,200

3. Paid $15,500 cash to a computer consultant to reprogram factoryequipment.
4. Time tickets record use of the following labor for the month.These wages were paid in cash.

Job 136	$	12,100
Job 137		10,700
Job 138		38,100
Job 139		39,400
Job 140		3,800
Total direct labor		104,100
Indirect labor		26,000
Total	$	130,100

5. Applied overhead to Jobs 136, 138, and 139.
6. Transferred Jobs 136, 138, and 139 to Finished Goods.
7. Sold Jobs 136 and 138 on credit at a total price of$530,000.
8. The company incurred the following overhead costs during themonth (credit Prepaid Insurance for expired factoryinsurance).

Depreciation of factory building	$	69,000
Depreciation of factory equipment		38,000
Expired factory insurance		10,000
Accrued property taxes payable		35,000

9. Applied overhead at month-end to the Work in Process Inventoryaccount (Jobs 137 and 140) using the predetermined overhead rate of200% of direct labor cost.

4. Prepare a report showing the total cost ofeach job in process and prove that the sum of their costs equalsthe Work in Process Inventory account balance. Prepare similarreports for Finished Goods Inventory and Cost of Goods Sold.