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 $100,600 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 $ 48,800 24,200 73,000 9,220 $ 82,220 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 39,800 13,200 53,000 24,800 $ 77,800 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 $165,560 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 $ 32,600 560 860 3,600 $ 37,620 Required information No Transaction General Journal Debit Credit 1 a. Raw materials inventory Accounts payable 2 b(1). Work in process inventory Raw materials inventory 3 b(2). Factory overhead Raw materials inventory 4 c(1). Work in process inventory Factory wages payable 5 c(2). Factory overhead Factory wages payable 6 d. Work in process inventory i Factory overhead 7 e. Finished goods inventory Work in process inventory 8 f(1). Accounts receivable Sales 9 f(2). 10 g. Cost of goods sold Finished goods inventory Factory overhead Accumulated denunciation Canton, building Raw Materials Inventory Beginning Balance 0 Beginning Balance Ending balance 0 Work in Process Inventory 0 Ending balance 0 Factory Overhead Finished Goods Inventory Beginning Balance Beginning Balance 0 Ending balance Beginning Balance 0 Cost of Goods Sold 0 Ending balance 0 Ending balance 0