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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
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 $ 50,000 25,400 75,400 10,420 Total materials used $ 85,820 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor $ 41,000 14,400 55,400 26,000 Total labor used $ 81,400
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