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 $101,400 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,600 25,000 74,600 10,020 $ 84,620 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 40,600 14,000 54,600 25,600 $ 80,200 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials 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. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials 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. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 33,400 640 940 4,400 $ 39,380 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Answer is not complete. Beginning Balance a b Raw Materials Inventory Work in Process Inventory Beginning Balance 101,400 6 84,620 b. b. C d. 000 74,600 129,880 e. 54,600 59,680 Ending balance 16,780 Beginning Balance b. a a. 000 Factory Overhead 0 10,020 25,600 39,380 Ending balance 15,320 Ending balance 59,000 Finished Goods Inventory Beginning Balance 59,680 d. 0. 129,880 Ending balance 129,880 f Beginning Balance b. 9 g Ending balance Beginning Balance f. Factory Overhead 0 10,020 25,600 39,380 15,320 Cost of Goods Sold 0 129,880 Ending balance 129,880 Beginning Balance 59,680 d. e. Finished Goods Inventory 129,880 Ending balance 0 129,880 f