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Please assist . . . Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month

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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 $101,300 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 49, 500 Job 202 24, 900 Total direct materials 74, 400 Indirect materials 9,920 Total materials used $ 84, 320 c. Time tickets show the following labor used for the month. 4 Job 201 $ 40, 500 Job 202 13, 900 Total direct labor 54, 400 Indirect labor 25, 500 Total labor used $ 79,900 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 $167,660 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 $ 33, 300 Rent on factory building (payable) 630 Factory utilities (payable) 930 Expired factory insurance 4,300 Total other factory overhead costs $ 39, 160 Prepare journal entries to record the transactions reflected in items a through g

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