d 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: a. Purchased $100,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,200 Job 202 23,600 Total direct materials 71, 800 Indirect materials B.620 Total materials used $ 80, 420 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used 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 $163,760 on credit 9. incurred the following actual other overhead costs for the month $ 39,200 12,600 51,800 24,200 5 76,000 Depreciation of factory equipment Rent on factory building payable) Factory utilities payable) Expired factory insurance Total other factory overhead cost 32.000 500 100 3.000 536,300 Required information Transaction NO Debit General Journal Credit 100,000 1 a Raw materials inventory Accounts payable > 100,000 > 2 b(1) 71.800 Work in process inventory Raw materials inventory 71,800 ded 3 b(2) 8,620 Factory overhead Raw materials inventory 8,620 4 c(1) > 51,800 Work in process inventory Raw materials inventory 51,800 o(2) 24,200 Factory overhead Raw materials inventory 24,200 6 d. Work in process inventory Factory overhead 57,440 O 57,440 7 0. Finished goods inventory Work in process inventory 125,960 125.960 8 f(1) Accounts receivable Sales 163,760 Oo 163.760 9 (2). > Cost of goods sold Finished goods inventory 125.960 125,960 Required information Journal entry worksheet Record indirect labor used. Note: Enter debits before credits Debit Credit Transaction c(2), General Journal Factory overhead Raw materials inventory 24,200 24,200 Record entry Clear entry View general journal