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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:

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 $100,700 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 $165,860 on credit.
g. Incurred the following actual other overhead costs for the month.
Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance.Required information
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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 $100,700 of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job 201 $ 48,900
Job 20224,300
Total direct materials 73,200
Indirect materials 9,320
Total materials used $ 82,520
Time tickets show the following labor used for the month.
Job 201 $ 39,900
Job 20213,300
Total direct labor 53,200
Indirect labor 24,900
Total labor used $ 78,100
Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate to the T-accounts. Each of T-accounts started the month with a zero balance.
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