303 Exercise 19-8 (Static) T-accounts for manufacturing activities LO P1, P2, P3 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance Raw Materials Inventory Work in Process Inventory Book 0 Beginning Balance Beginning Balance Print Ending balance o eferences Ending balance Factory Overhead Finished Goods Inventory 0 Beginning Balance Beginning Balance Ending balance Ending balance Cost of Goods Sold Beginning Balance Ending balance Required Information Use the following Information to answer questions. (Static) [The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first month of operations follows: 6. Purchased $100.000 of raw materials on credit b. Materials requisitions show the following matertals used for the month tes Job 2e1 $ 48,200 Job 202 23,600 Total direct materials 71,800 Indirect materials 8,620 Total materials used $ 50, 420 c. Time tickets show the following labor used for the month. Job 201 $ 39,200 Job 202 12,600 Total direct labor 51,800 Indirect labor 24,200 Total labor used 376,000 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 1. Sold Job 201 for S163,760 on credit. 9. Incurred the following actual other overhead costs for the month Depreciation of factory equipment $ 32,000 Rent on factory building (payable) Factory utilities (payable) 300 Expired factory insurance 3,000 Total other factory overhead costs 5:36,300 Se