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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 $100,900 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 49 , 100 Job 202 24, 500 Total direct materials 73, 600 Indirect materials 9 , 520 Total materials used $ 83, 120 c. Time tickets show the following labor used for the month. Job 201 $ 40, 100 Job 202 13, 500 Total direct labor 53, 600 Indirect labor 25, 100 Total labor used $ 78, 700 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 $166,460 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 $ 32,900 Rent on factory building (payable ) 590 Factory utilities (payable) 890 Expired factory insurance 3,900 Total other factory overhead costs $ 38, 280 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