Information on Kwon Manufacturing's activities for its first month ofoperations follows: a. Purchased $101,900 of raw materials on credit. ti. Materials requisitions show the following materials used for the month. job 291 $ so, 166 Job 262 25,566 Total direct materials 35,666 Indirect materials 10,526 Total materials used $ 86,126 c. Time tickets show the following labor used for the month. :Iob 261 $ 41,166 job 262 14,599 Total direct labor 55,666 Indirect labor 26,166 Total labor used $ 81,766 cl. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 8 96 ofdirect materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1} Sold Job 201 for $169,460 on credit. [2] Record cost ofgoods sold for Job 201. g. Incurred the following actual other overhead costs forthe month. Depreciation of factory equipment $ 33,966 Rent on factory building (payable) 696 Factory utilities (payable) 996 Expired factory insurance 4,966 Total other factory overhead costs $ 493439 Post entries for transactions a through 9 to the Taccounts. Each of Taccounts started the month with a zero balance. Raw Materials Inventory Work in Process Inventory Beginning Balance 0 Beginning Balance 0 Ending balance 0 Ending balance 0 Factory Overhead Finished Goods Inventory Beginning Balance 0 Beginning Balance 0 Ending balance Ending balance Cost of Goods Sold Beginning Balance 0 Ending balance