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how do it find the cost of goods for part 2 of this question? please list out how to find it too! Information on Kwon
how do it find the cost of goods for part 2 of this question? please list out how to find it too!
Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,300 of raw materials on credit b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materiais s 49,500 24.909 24.900 9920 $ 84, 220 Total material usea c. Time tickets show the following labor used for the month. Job 203 Job 202 Teres bor dieet aber $ 40, 500 13,900 54,400 35,500 $ 99, 900 Sotal labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materlals cost. e. Transferred Job 201 to Finished Goods Inventory 1. (1) Sold Job 201 for $167.660 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Depressation Factory equipment Rent on factory building (payable, Factory unies payable Expired Eactezy insurance Sotal other factory ozerhead costa $ 33,200 630 930 4,300 $ 29, 160 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. 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 Cost of goods sold Sales 187.880 Gross Profit
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