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Required information Skip to question [ The following information applies to the questions displayed below. ] Information on Kwon Manufacturing s activities for its first

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[The following information applies to the questions displayed below.]
Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $100,200 of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job 201 $ 48,400
Job 20223,800
Total direct materials 72,200
Indirect materials 8,820
Total materials used $ 81,020
Time tickets show the following labor used for the month.
Job 201 $ 39,400
Job 20212,800
Total direct labor 52,200
Indirect labor 24,400
Total labor used $ 76,600
Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost.
Transferred Job 201 to Finished Goods Inventory.
Sold Job 201 for $164,360 on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $ 32,200
Rent on factory building (payable)520
Factory utilities (payable)820
Expired factory insurance 3,200
Total other factory overhead costs $ 36,740
Prepare journal entries to record the transactions reflected in items a through g.

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