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Required information [The following information applies to the questions displayed below] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,400 of raw materials on credit. b. Materials reauisitions show the followina materials used for the month. c. Time tickets show the following labor used for the month. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $167,960 on credit. 9. Incurred the followina actual other overhead costs for the month. Prepare journal entries to record the transactions reflected in items a through g. 1 Record materials purchases. 2 Record direct materials used. 3 Record indirect materials used. 4 Record direct labor used. 5 Record indirect labor used. 6 Record overhead applied to jobs at the rate of 80% of direct materials cost. 7 Record the completion of Job 201. Q Domenret the calo of inh int on rradit Note : O journal entry has been entered 4 Record direct labor used. 5 Record indirect labor used. 6 Record overhead applied to jobs at the rate of 80% of direct materials cost. 7 Record the completion of Job 201. 8 Record the sale of job 201 on credit. 9 Record the cost of job 201. 10 Record other actual factory overhead costs. Note : = journal entry has been entered

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