Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials $ 49,000 24,400 73,400 9,420 Total materials used $ 82,820 Indirect materials c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 40,000 13,400 53,400 25,000 78,400 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 $166,160 on credit. 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 $ 32,800 580 880 3,800 $ 38,060 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. Sales Cost of goods sold Gross Profit Job 201 Required 1 Required 2 Journal entry worksheet > 1 2 3 4 5 6 7 8 9 10 > Record materials purchases. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 3 4 5-6-7-8-9 10 > Record direct materials used. Note: Enter debits before credits. Transaction b(1). General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record indirect materials used. Note: Enter debits before credits. Transaction b(2). General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 Record direct labor used. Note: Enter debits before credits. Transaction c(1). 678910 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record indirect labor used. Note: Enter debits before credits. Transaction General Journal Debit Credit c(2). Record entry Clear entry View general journal Journal entry worksheet < 1 2 345 6 7 8 10 Record overhead applied to jobs at the rate of 80% of direct materials cost. Note: Enter debits before credits. Transaction d. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Record the completion of Job 201. Note: Enter debits before credits. Transaction e. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the sale of job 201 on credit. 10 10 > Note: Enter debits before credits. Transaction f(1). General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Record the cost of job 201. Note: Enter debits before credits. Transaction f(2). 10 10 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet <1234 5 6 789 10 Record other actual factory overhead costs. Note: Enter debits before credits. Transaction g. General Journal Debit Credit View general journal Record entry Clear entry