Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,100 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,300 Job 202 23,700 Total direct materials 72,000 Indirect materials 8,720 Total materials used $ 80,720 c. Time tickets show the following labor used for the month. Job 201 $ 39, 300 Job 202 12,700 Total direct labor 52,000 Indirect labor 24,300 Total labor used $ 76,300 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $164,060 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 $ 32,100 Rent on factory building (payable) 510 Factory utilities (payable) 810 Expired factory insurance 3,100 Total other factory overhead costs$ 36,520 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. (Ctrl) Prepar Job Number 201 $ 48,300 39,300 Job Number 202 $ 23,700 12,700 Materials Labor Overhead Total cost $ 87,600 $ 36,400 Required 1 Required 2 Compute gross profit on the sale of Job Job 201 Gross Profit