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Widmer Watercrafts predetermined overhead rate for year 2015 is 200% of direct labor. Information on the companys production activities during May 2015 follows.

a.	Purchased raw materials on credit, $220,000.
b.	Materials requisitions record use of the following materials for the month.

Job 136	$	49,000
Job 137		33,500
Job 138		19,600
Job 139		22,600
Job 140		7,000
Total direct materials		131,700
Indirect materials		21,500
Total materials used	$	153,200

c.	Paid $15,500 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	$	12,200
Job 137		10,600
Job 138		37,900
Job 139		39,400
Job 140		3,600
Total direct labor		103,700
Indirect labor		25,000
Total	$	128,700

e.	Applied overhead to Jobs 136, 138, and 139.
f.	Transferred Jobs 136, 138, and 139 to Finished Goods.
g.	Sold Jobs 136 and 138 on credit at a total price of $530,000.
h.	The company incurred the following overhead costs during the month (credit Prepaid Insurance for expired factory insurance).

Depreciation of factory building	$	68,000
Depreciation of factory equipment		38,000
Expired factory insurance		11,000
Accrued property taxes payable		37,000

i.	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.
2.	Prepare journal entries to record the events and transactions a through i.

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