1 Part 1 of 3 10 points Skipped eBook Print 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 $102,000 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 $ 50,200 25,600 75,800 10,620 $ 86,420 c. Time tickets show the following labor used for the month. References Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 41,200 14,600 55,800 26,200 $82,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $169,760 on credit. g. 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 $ 34,000 700 1,000 5,000 $ 40,700 1 Part 1 of 3 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 $169,760 on credit. g. 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 $ 34,000 700 1,000 5,000 $40,700 10 points Skipped eBook Pr References 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Materials Job Number 201 Job Number 202 Labor Overhead Total cost $ 0 $ Required 1 Required 2 > 1 Part 1 of 3 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 $169,760 on credit. g. 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 $ 34,000 700 1,000 5,000 $ 40,700 10 points Skipped eBook Print References 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. Complete this question by entering your answers in the tabs below. Required 1 Required 2, Compute gross profit on the sale of Job 201. Job 201 3 Required information Raw Materials Inventory Part 3 of 3 Beginning Balance Beginning Balance 10 poin Ending balance Skipped Work In Process Inventory 0 Ending balance eBook Print Beginning Balance Factory Overhead 0 Finished Goods Inventory Beginning Balance Weferences Ending balance Cost of Goods Sold Beginning Balance 0 Ending balance 0 Ending balance C