ezto.mheducation.com C myLU Lu Homework: Job Order Costing Assignment M Question 2 - Homework: Job Order Costing Assignme. Job Order Costing Assignment i Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,400 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48, 600 Job 202 24, 000 Total direct materials 72, 600 Indirect materials 9 , 020 Total materials used $ 81, 620 c. Time tickets show the following labor used for the month. Job 201 $ 39, 600 Job 202 13, 000 Total direct labor 52, 600 Indirect labor 24, 600 Total labor used $ 77, 200 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 $164,960 on credit. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ 32, 400 Rent on factory building (payable) 540 Factory utilities (payable) 840 Expired factory insurance 3, 400 Total other factory overhead costs $ 37 , 180 2 OCT 30 stv 4 80 888 DII DD F2 F3 F5 F6 F7 F8 F9 @ % & W# N 5 6 7 8 W E R T Y U OCheck my work mode : This shows what is correct or incorrect for the work you have completed 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. x Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Sales $ 164,960 Cost of goods sold 13,900 X Labor X Gross Profit OCT 30 tv I DD DII 20 F3 F4 F5 F6 F7 F8 o & W# 4 8