$4$

$!$

Required information

Part $3$ of $3$

$[$The following information applies to the questions displayed below.$]$

Information on Kwon Manufacturing's activities for its first month of operations follows:

$3$

points

a$.$ Purchased $$101,200$ of raw materials on credit.

b$.$ Materials requisitions show the following materials used for the month.

eBook

$\backslash$table$[[$Job $201,$$$49,400],[$Job $202,24,800],[$Total direct materials,$74,200],[$Indirect materials,$9,820],[$Total materials used,$$84,020]]$

c$.$ Time tickets show the following labor used for the month.

References

$\backslash$table$[[$Job $201,$$$40,400],[$Job $202,13,800],[$Total direct labor,$54,200],[$Indirect labor,$25,400],[$Total labor used,$$79,600]]$

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 $$167,360$ on credit.

g$.$ Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment $$33,200$

Rent on factory building $($payable$)620$

Factory utilities $($payable$)920$

Expired factory insurance $,4,200$

Total other factory overhead costs $,$$$38,940$

Post entries for transactions a through g to the T$-$accounts. Each of T$-$accounts started the month with a zero balance.