Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,400 of raw materials on credit b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materiala Total materials used $ 48,600 24,000 72,600 9.020 $ 81,620 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor good $ 39,600 13.000 52,600 24,600 9.77,200 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 $164,960 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 costa $ 32,400 540 840 3,400 $ 37,180 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 Beginning Balance Work In Process Inventory 0 Beginning Balance Ending balance Ending balance Factory Overhead 0 Beginning Balance Finished Goods Inventory 0 Beginning Balance Ending balance Ending balance Cost of Goods Sold Beginning Balance Ending balance