Exereise 19.7 Refer to information in Exercise 19-6. Prepare journal entries to record the transactions reflected in itema Aecording materisis, laboc, a through g. owerhead, and sales P1 12 P3 Information on Kwon Mfg's activities for its first month of operations follows: Exercise 19-6 a. Purchased $100,000 of raw materials on credit. Computing job costs and a. Autarials requisitions show the following materials used for the month. gross profit P1 P2 P3 d. Applied overhead to Job 201 and to Job 202 using a predetermined overtead rate of 80% of direct materials cost. e. Trinsferred Job 201 to Finished Goods Inventory. 4. Sold Job 201 for $163,760 on credit. 9 Incurred the following actual other overhead costs for the month. 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. Use the following simplified form. 2. Compute gross profit on the sale of Job 201