49 234 2 Calibri 11 Bvv Av General fx B D Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased raw materials on credit. $100,000 5 b. Materials requisitions show the following materials used for the month. 6 7 Job 201 $48,200 8 Job 202 23,600 9 Total direct materials 71,800 10 Indirect materials 8,620 11 Total materials used $80,420 12 13 c. Time tickets show the following labor used for the month. 14 15 Job 201 $39,200 16 Job 202 12,600 17 Total direct labor 51,800 18 Indirect labor 24,200 19 Total labor used. $76,000 20 E G C50 fx A Calibri B A 37 38 B Job Number 201 Job Number Materials $48,200 202 $28,600 39 Labor 39,200 12,600 40 Overhead 31,360 10,080 41 Total cost $118,760 $51,280 42 43 2. Compute gross profit on the sale of Job 201. 44 45 (Use cells A4 to F30 from the given information to complete this question.) 46 47 48 Materials 49 50 Gross Profit 51 52 53 Job 201 General E F G 54 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. A Graded Worksheet C50 fx A Calibri B A 37 38 B Job Number 201 Job Number Materials $48,200 202 $28,600 39 Labor 39,200 12,600 40 Overhead 31,360 10,080 41 Total cost $118,760 $51,280 42 43 2. Compute gross profit on the sale of Job 201. 44 45 (Use cells A4 to F30 from the given information to complete this question.) 46 47 48 Materials 49 50 Gross Profit 51 52 53 Job 201 General E F G 54 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. A Graded Worksheet