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 $101,500 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 $ 49,700 25,100 74,800 10,120 $ 84,920 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 40,700 14,100 54,800 25,700 $ 80,500 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 $168,260 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 $ 33,500 Rent on factory building (payable) Factory utilities (payable) 650 Expired factory insurance 950 4,500 Total other factory overhead costs $ 39,600 Prepare journal entries to record the transactions reflected in items a through g. View transaction list