6 Part 3 of 3 3.35 points eBook 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. Job 201 Print References $ 41,200 Job 202 Indirect labor Total labor used 14,600 Total direct labor 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 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 6 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. rt 3 of 3 Raw Materials Inventory Beginning Balance 0 5 nts eBook Print eferences C aw Ending balance 0 Work in Process Inventory Beginning Balance 0 Ending balance 0 Beginning Balance Factory Overhead 0 Finished Goods Inventory Beginning Balance 0 Ending balance 0 Cost of Goods Sold < Prev Ending balance 0 G6 of 6 Next Check m Print References Beginning Balance Cost of Goods Sold 0 Ending balance 0