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Information on Kwon Manufacturing's activities for its first month of operations follows a. Purchased $100,600 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 $ 48,500 24,200 73.000 9,220 5 82,220 c. Time tickets show the following labor used for the month Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 39,800 13,200 53,600 24,800 5 77,500 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 $165.560 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 $ 32,600 560 860 3.60 5 37,620 Prey mg 5 st entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance Raw Materials Inventory Beginning Balance a 100,600 82.220 Answer is not complete. Work in Process Inventory Beginning Balance 10,200 $ 625 400 186 000 265,000 185,500 $ Ending balance 18,380 Ending balance 21,300 Factory Overhead Finished Goods Inventory 0 Beginning Balance Beginning Balance Ending balance 0 Ending balance 0 Cost of Goods Sold 0 Beginning Balance 0 Ending balance CD Prey of 15 Next >