Dom 2. Chap er 2 Homework Connect Google Chapter 2 Homework Help Save Exit Submit Check my work 2 Part 1 of 2 Required information The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first month of operations follows: 2 points a. Purchased $100,000 of raw materials on credit 1. Materials requisitions show the following materials used for the month Book Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,208 23.600 71,00 8,620 3 80,420 merce c. Time tickets show the following labor used for the month Job 201 Job 202 Total direct labor Indirect labor Total labor used 5 29,200 12,600 51,800 24,288 $ 76,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rite is 80% of direct materials cost e Transferred Job 201 to Finished Goods Inventory Sold Job 201 for $163.760 on credit (2) Record cost of goods sold for Job 201 gincurred the following actual other overhead costs for the month MC G d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of dire e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201. 9. 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 $ 32,000 500 800 3,000 $ 36,300 repare journal entries to record the transactions reflected in items a through g. View transaction list Journal entry worksheet TOLOL LUI useu vuu d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory f. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. 2 Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,000 500 890 3,000 $36,300 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. 3 Required information 1. Prepare a JUD LUSSEL IOI JOU LUI DITU IUI JUU ZUZIUI LE TOILET. 2. Compute gross profit on the sale of Job 201. art 2 of 2 Answer is not complete. Dints Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Materials Job Job Number Number 201 202 48,200 $ 23,600 39,200 12,600 38,5403 18,860 $ 125,940 $ 55,060 Labor Overhead Total cost Required Required 2 > ezto.meducation.com Question Chapter 2 Homework Connect Chapter 2 Homework Helo Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Google Save & Edit Return to 3 Required information Part 2 of 2 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month 2. Compute gross profit on the sale of Job 201 2 Answer is not complete. Complete this question by entering your answers in the tabs below red2 camerous rotos de 2013 Job 201 Cost of G 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 Job 202 Total direct materials Indirect materials Total materials used $ 48,280 23,600 71,800 8,620 $ 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 $ 39,200 12,600 51,800 24,200 $ 76,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory 1. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201. 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 $ 32,000 500 800 3,000 $36, 300 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 Job 202 Total direct materials Indirect materials Total materials used $ 48,200 23,600 71,800 8,620 $ 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 $ 39,200 12,600 51,800 24,200 $ 76,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory 6. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201. 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 $ 32,000 500 800 3,000 $ 36,300 BBB
