Information on Kwon Manufacturings activities for its first month of operations follows:

1. Purchased $101,000 of raw materials on credit.
2. Materials requisitions show the following materials used for the month.

Job 201	$ 49,200
Job 202	24,600
Total direct materials	73,800
Indirect materials	9,620
Total materials used	$ 83,420

3. Time tickets show the following labor used for the month.

Job 201	$ 40,200
Job 202	13,600
Total direct labor	53,800
Indirect labor	25,200
Total labor used	$ 79,000

4. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost.
5. Transferred Job 201 to Finished Goods Inventory.
6. (1) Sold Job 201 for $166,760 on credit. (2) Record cost of goods sold for Job 201.
7. 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

Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance.

Raw Materials Inventory Work in Process Inventory Beginning Balance 0 Beginning Balance 0 Ending balance 0 Ending balance 0 Factory Overhead 0 Finished Goods Inventory 0 Beginning Balance Beginning Balance Ending balance 01 Ending balance 0 Cost of Goods Sold 0 Beginning Balance Ending balance 0