Question

Required information The following information applies to the questions displayed below] Widmer Watercraft's predetermined overhead rate for the year 2017 is 200% of direct labor. Information on the company's production activities during May 2017 follows. a. Purchased raw materials on credit, $240,000 b. Materials requisitions record use of the following materials for the month Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 49,000 33,000 19,800 22,600 6,600 131,000 20,000 $151,000 c. Paid $15.750 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 Job 137 Job 138 Job 139 Job 140 Total direct labor Indirect labor Total $ 12,200 10,600 37,990 39,000 3,600 103,300 26,500 $129,820

i need it as soon as possible please snd look at it carefully.

Answer 1

		job 136	job 137	job138	job139	job140	total
Materials		49,000	33,000	19,800	22,600	6,600	131,000
labor		12,200	10,600	37,900	39,000	3,600	103,300
overhead		24,400	21200	75800	78000	7200	206,600
total		85,600	64,800	133,500	139,600	17,400	440,900
2)	TR	General Journal				Debit	Credit
	a)	Raw materials inventory				240,000
		Accounts payable					240,000
	b)	Work in process inventory				131,000
		Factory overhead				20,000
		Raw materials inventoy					151,000
	c)	Factory overhead				15,750
		cash					15,750
	d)	Work in process inventory				103,300
		Factory overhead				26,500
		Cash					129,800
	e)	Work in process overhead				178,200
		Factory overhead					178,200
	f)	finished goods inventory				358,700
		Work in process inventory					358,700
	g)	Accounts receivable				530,000
		Sales					530,000
		cost of goods sold				219,100
		finished goods inventory					219,100
	h)	Factory overhead				154,000
		Accumulated depreciation-factory building					70,000
		Accumulated depreciation-factory equipment					38,000
		prepaid insurance					10,000
		property taxes payable					36,000
	i)	work in process inventory				28,400
		Factory overhead					28,400
	T- Accounts
Raw materials inventory					Work in process inventory
a.	240,000				b.	131,000
		151,000	b.		d.	103,300
					e.	178,200
end bal	89,000						358,700	f.
					i.	28400
					bal	82,200
Factory overhead					finished goods inventory
b.	20,000				f.	358,700
c.	15,750						219,100	g.
d.	26,500				bal	139,600
		178,200	e.
h.	154,000
		28,400	i
bal	9,650
cost of goods sold
g.	219,100
end bal	219,100
Report of Job costs
Work in process inventory
job 137			64,800
job 140			17,400
Balance			82,200
finished goods inventory
job 139			139,600
Balance			139,600
cost of goods sold
job 136			85,600
job 138			133,500
balance			219,100