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[The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,600 of raw materials on credit b. Materials requisitions show the following materials used for the month Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 48,500 24, 200 73,000 9.220 $ 82,220 c. Time tickets show the following labor sed for the month Job 203 Job 202 Total direct labor Indirect labor Total Labor used $ 39,800 13,200 53,000 24,800 $ 77,800 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory 1. (1) Sold Job 201 for $165,560 on credit (2) Record cost of goods sold for Job 201 9. Incurred the following actual other overhead costs for the month Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory Insurance Total other factory overhead costs $. 32,600 560 86e 3,600 $ 37,620 yes payable 53,000 overhead 24,800 ory wages payable 24.800 process inventory ory overhead 58 400 10 58 400 ed goods inventory in process inventory 126 220 unts receivable of goods sold shed goods inventory Rory overhead cumulated depreciation--Building at payable ctory Utilities paid insurance O

Record the completion of Job 201. Note: Enter debits before credits. Transaction General Journal Debit Credit e. 126,220 Finished goods inventory Work in process inventory Record entry Clear entry View general journal Record the sale of job 201 on credit. Note: Enter debits before credits: Transaction Debit Credit f(1). General Journal Accounts receivable Sales Record entry Clear entry View general Journal CP 4 5 3396 74F C Record other actual factory overhead costs. Note: Enter debits before credits. Debit Credit Transaction 9. General Journal Factory overhead Accumulated depreciation-Building Rent payable Factory utilities Prepaid insurance

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