Information on Kwon Manufacturing$$s activities for its first month of operations follows:

Purchased $$101,000$ of raw materials on credit.

Materials requisitions show the following materials used for the month.

Job $201$ $ $49,200$

Job $20224,600$

Total direct materials $73,800$

Indirect materials $9,620$

Total materials used $ $83,420$

Time tickets show the following labor used for the month.

Job $201$ $ $40,200$

Job $20213,600$

Total direct labor $53,800$

Indirect labor $25,200$

Total labor used $ $79,000$

Applied overhead to Job $201$ and to Job $202$ using a predetermined overhead rate of $80\%$ of direct materials cost.

Transferred Job $201$ to Finished Goods Inventory.

Sold Job $201$ for $$166,760$ on credit.

Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment $ $33,000$

Rent on factory building $($payable$)600$

Factory utilities $($payable$)900$

Expired factory insurance $4,000$

Total other factory overhead costs $ $38,500$

Prepare journal entries to record the transactions reflected in items a through g$.$

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