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

1. Purchased $100,800 of raw materials on credit.
2. 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

3. 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

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 $166,160 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	$ 32,800
Rent on factory building (payable)	580
Factory utilities (payable)	880
Expired factory insurance	3,800
Total other factory overhead costs	$ 38,060

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.