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 materials 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 unod $ 39,600 13.000 52,600 24,600 $ 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 9. 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 coats $ 32,400 540 840 3,400 $ 37,180 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 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number 201 Job Number 202 Materials Labor Overhead Total cost Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Gross Profit Prepare journal entries to record the transactions reflected in items a through g. View transaction list RE X: 1 Record materials purchases. 10 > 2 Record direct materials used. 3 Record indirect materials used. 4 Record direct labor used. 5 Record indirect labor used. Credit 6 Record overhead applied to jobs at the rate of 80% of direct materials cost. 7 Record the completion of Job 201. Note : * journal entry has been entered Journal entry worksheet Record materials purchases. Note: Enter debits before credits Transaction General Journal Debit Credit a