! 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 $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials $ 49,000 24,400 73,400 9,420 Total materials used $ 82,820 Indirect materials c. Time tickets show the following labor used for the month. Job 202 Job 201 $ 40,000 13,400 Total direct labor 53,400 25,000 $ 78,400 Indirect labor Total labor used 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 $166,160 on credit. 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 $ 32,800 580 880 3,800 $ 38,060 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory Beginning Balance 0 Beginning Balance Ending balance Work in Process Inventory 0 Ending balance 0 Beginning Balance Factory Overhead 0 Finished Goods Inventory Beginning Balance 0 Ending balance Cost of Goods Sold Beginning Balance 0 Ending balance 0 Ending balance 0