Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,200 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 $ 48,400 23,800 72,200 8,820 $ 81,020 c. Time tickets show the following labor used for the month. Job 202 Job 201 $ 39,400 12,800 Total direct labor 52,200 24,400 $ 76,600 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $164,360 on credit. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) $ 32,200 520 820 3,200 Expired factory insurance Total other factory overhead costs $ 36,740 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 a. 0 100,200 Ending balance 28,000 72,200 Work in Process Inventory Beginning Balance 0 72,200 52,200 Ending balance 124,400 Beginning Balance Factory Overhead 0 Beginning Balance Finished Goods Inventory 0 Ending balance 0 Cost of Goods Sold Beginning Balance Ending balance 0 Ending balance 0