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11 Part 3 of 3 Required information The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first month of operations follows 125 point a. Purchased S100 800 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 549,000 24,400 23,400 9.420 $82,020 Paint CES c. Time tickets show the following labor used for the month 5.40,000 13.400 Job 201 Job 202 Total direct labor Indirect labor Total Isbor used 53,400 578,400 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 (1) Sold Job 201 for 5166160 on credit (2) Record cost of goods sold for Job 201 Incurred the following actual other overhead costs for the month Depreciation of factory equipment Rent on factory buat payable) Factory utilities (rable) tired factory Total the factory Overhead costs $ 32,500 580 380 3,300 $ 30,000 Post entries for transactions through in the 11 Factory utasties payable) Expired factory Insurance Total other factory overhead costs 2.800 $ 38,060 Part 33 Post entries for transactions a through g to the T-accounts. Each of T.accounts started the month with a zero balance. Work in Process Inventory 125 point 0 Beginning Balance Raw Materials Inventory 0 100 800 73,4006 Beginning Balance b 73.400 128,2000 53.400 58,720 d. Book Ending balance 27 400 Print Ending balance 57,320 Beginning Balance Factory Overhead 0 9.420 25 000 Beginning Balance Finished Goods Inventory 0 128,200 128,200 58.720d 19 38 0601 Ending balance 0 Ending balance 13,760 Cost of Goods Sold Beginning Balance 128/200 Ending balance 128200