of 2 Required information [The following information applies to the questions displayed below.] Information on Kwon...

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of 2 Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,700 of raw materials on credit. b. Materials requisitions show the following materials used for the month. ook Job 201 Job 202 Total direct materials Indirect materials Total materials used. -int ences $ 48,900 24,300 73,200 9,320 $ 82,520 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 39,900 13,300 53,200 24,900 $ 78,100 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. f. (1) Sold Job 201 for $165,860 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 Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 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. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs. $ 32,700 570 870 3,700 $ 37,840 . 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number Job Number Materials 201 202 Labor Overhead Total cost $ 0 $ 0 Required 1 Required 2 > Expired factory insurance Total other factory overhead costs 3,700 $ 37,840 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Gross Profit < Required 1 Required 2 f. (1) Sold Job 201 for $165,860 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 Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 st entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory eginning Balance 0 nding balance Work in Process Inventory Beginning Balance 0 Ending balance Factory Overhead Finished Goods Inventory eginning Balance 0 Beginning Balance 0 nding balance Cost of Goods Sold eginning Balance 0 nding balance Ending balance of 2 Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,700 of raw materials on credit. b. Materials requisitions show the following materials used for the month. ook Job 201 Job 202 Total direct materials Indirect materials Total materials used. -int ences $ 48,900 24,300 73,200 9,320 $ 82,520 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 39,900 13,300 53,200 24,900 $ 78,100 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. f. (1) Sold Job 201 for $165,860 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 Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 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. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs. $ 32,700 570 870 3,700 $ 37,840 . 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number Job Number Materials 201 202 Labor Overhead Total cost $ 0 $ 0 Required 1 Required 2 > Expired factory insurance Total other factory overhead costs 3,700 $ 37,840 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Gross Profit < Required 1 Required 2 f. (1) Sold Job 201 for $165,860 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 Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,700 570 870 3,700 $ 37,840 st entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory eginning Balance 0 nding balance Work in Process Inventory Beginning Balance 0 Ending balance Factory Overhead Finished Goods Inventory eginning Balance 0 Beginning Balance 0 nding balance Cost of Goods Sold eginning Balance 0 nding balance Ending balance