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Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activitles for its first month of operations follows: a. Purchased

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Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activitles for its first month of operations follows: a. Purchased $101,400 of raw materlals on credit. b. Materlals requisitions show the following materlals 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 is 80% of direct materlals cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $167,960 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Prepare journal entrles to record the transactions reflected In Items athrough g

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