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Problem 19-3A Source documents, journal entries The following information applies to the questions displayed below. Widmer Watercraft's predetermined overhead rate for the y production activities during May 2017 follows. , and accounts in job order costing LO P1, P2, P3 ear 2017 is 20 % of direct labor. Information on the company's sed raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 48,000 33,000 19,600 22,800 7,200 130,600 20,000 Indirect materials 150,600 c. Paid $15,000 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 $ 12,100 10,500 38,100 39,400 3,200 103,300 25,000 s 128,300 Indirect labor 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 1 of 4 insurance). Depreciation of factory building Depreciation of factory equipment Expired factory insurance 69,500 38,000 11,000 35,500 Print 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. Problem 19-3A Part 1 1. Prepare a job cost sheet for each job worked on during the month. No. 136 No. 137 Job No, 138 No. 139 Overhead r Problem 19-3A Part 2 s a through i Journal entry worksheet 9 10 Clear entry of4 Problem 19-3A Part 2 2. Prepare journal entries to record the events and transactions a through i ok Journal entry wrksheet 2 9 10 Record the requisition of direct and indirect materials. General J Debit b. Clear entry t2 of 4Problem 19-3A Part 2 Journal entry worksheet K1 23 4 5 6 7 8 9 10 C. Prev 10 11 12 of 14 art 2 of 4 Problem 19-3A Part 2 2. Prepare journal entries to record the events and transactions a through i ints Journal entry worksheet K12 3 4 5 6 7 8 9 10 Record the entry for direct and indirect labor, paid in cash. I Jo Debit d. Clear entry View general journal Record entry Prev 10 11 12 | of 14 ill Next > rt 2 of 4 Problem 19-3A Part 2 2. Prepare journal entries to record the events and transactions a through nts Journal entry worksheet 8 9 10 Record the entry to apply overhead to jobs 136, 138 and 139. Transaction Debit Clear entry o Problem 19-3A Part 2 2. Prepare journal entries to record the events and transactions a through L Journal entry worksheet 7 8 9 10 nt Record the transfer of completed jobs 136,138 and 139 to finished goods Debit tion Clear entry 2 of4 Problem 19-3A Part 2 Journal entry worksheet 1 2 3 4 5 6 8 9 10 Record the entry for sales on account for Jobs 136 and 138 Clear entry 10 11 12 of 14 points Journal entry worksheet Record the entry for the cost of sales of Jobs 136 and 138 Clear entry Part 2 of 4 Problem 19-3A Part2 3.57 points Journal entry worksheet 9 10 Print h. Clear entry K Prev 10 11 12 of 14 Next > 3.57 points Journal entry worksheet 12 3 4 5 67 89 10 Print Clear entry 10 11 12 of 14 Next > Prev t 3 of 4 Problem 19-3A Part 3 3. Post the journal entries for the transactions to the following T-accounts, each of which started the month with a zero balance. in ss Inve End bal End.bal. End bal. End bal. t of Sold End bal. i. Appli ed 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. Problem 19-3A Part 4 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold Report of Job Costs Cost of Goods Sold

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