Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 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 $ 50,000 25,400 Job 201 Job 202 Total direct labor Indirect labor Total labor used 75,400 10,420 $ 85,820 c. Time tickets show the following labor used for the month. $ 41,000 14,400 55,400 26,000 $ 81,400 Saved 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. f. (1) Sold Job 201 for $169,160 on credit. (2) Record cost of goods sold for Job 201. g. 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 $ 33,800 680 980 4,800 $ 40,260

Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 of raw materiais on credit. b. Materials requisitions show the following materials used for the month. c. Time tickets show the following labor used for the month. 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. f. (1) Sold Job 201 for $169,160 on credit. (2) Record cost of goods sold for Job 201. 9. Incurred the following actual other overhead costs for the month. Prepare journal entries to record the transactions reflected in items a through g. Journal entry worksheet Journal entry worksheet Journal entry worksheet Record indirect materjals used. Note: Enter debits before credits. Journal entry worksheet 123 Record direct labor used. Woten Ehiter depits before sredits. Journal entry worksheet