Required information 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 $$101,200$ of raw materials on credit.

b$.$ Materials requisitions show the following materials used for the month.

c$.$ Time tickets show the following labor used for the month.

d$.$ Applied overhead to Job $201$ and to Job $202$ using a predetermined overhead rate of $80\%$ of direct materials cost.

e$.$ Transferred Job $201$ to Finished Goods Inventory.

f$.$ Sold Job $201$ for $$167,360$ on credit.

g$.$ Incurred the following actual other overhead costs for the month.

Prepare a job cost sheet for Job $201$ and for Job $202$ for the month.

Compute gross profit on the sale of Job $201.$

Complete this question by entering your answers in the tabs below.

Required $1$

Compute gross profit on the sale of Job $201.$

$[$The following information applies to the questions displayed below.$]$

Information on Kwon Manufacturing's activities for its first month of operations follows:

a$.$ Purchased $$101,200$ of raw materials on credit.

b$.$ Materials requisitions show the following materials used for the month.

c$.$ Time tickets show the following labor used for the month.

d$.$ Applied overhead to Job $201$ and to Job $202$ using a predetermined overhead rate of $80\%$ of direct materials cost.

e$.$ Transferred Job $201$ to Finished Goods Inventory.

f$.$ Sold Job $201$ for $$167,360$ on credit.

g$.$ Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment

$$33,200$

Rent on factory building $($payable$)$

Factory utilities $($payable$)920$

Expired factory insurance $4,200$

Total other factory overhead costs

Prepare a job cost sheet for Job $201$ and for Job $202$ for the month.

Compute gross profit on the sale of Job $201.$

Complete this question by entering your answers in the tabs below.

Required $2$

Prepare a job cost sheet for Job $201$ and for Job $202$ for the month.