Information on Kwon Manufacturings activities for its first month of operations follows: Purchased $100,800 of raw materials on credit. Materials requisitions show the following materials used for the month. Job 201 $ 49,000 Job 202 24,400 Total direct materials 73,400 Indirect materials 9,420 Total materials used $ 82,820 Time tickets show the following labor used for the month. Job 201 $ 40,000 Job 202 13,400 Total direct labor 53,400 Indirect labor 25,000 Total labor used $ 78,400 Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. Transferred Job 201 to Finished Goods Inventory. So