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 $101,300 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 $ 49,500 24,900 74,400 9,920 $4,320 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor $ 40,500 13,900 54,400 25,500 Total labor used $ 79,900 55:16 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 $167,660 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 $ 33,300 630 ak 930 4,300 Total other factory overhead costs. $ 39,160 aces 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. 04 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number Job Number 201 202+ Materials $ 49,500 $ 24,900 cs Labor Overhead Total cost 40,500 13,900 $ SA 90,000 $ 38,800 Required 00:54:54 Compute gross profit on the sale of Job 201. Job 201 eBook Print eferences Gross Profit