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 $102,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 50, 200 Job 202 25, 600 Total direct materials 75, 800 Indirect materials 10, 620 Total materials used $ 86, 420 c. Time tickets show the following labor used for the month. Job 201 $ 41, 200 Job 202 14, 600 Total direct labor 55, 800 Indirect labor 26, 200 Total labor used $ 82, 000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $169,760 on credit. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ 34,000 Rent on factory building (payable) 700 Factory utilities (payable) 1, 000 Expired factory insurance 5,000 Total other factory overhead costs $ 40, 700 Prepare Journal entries to record the transactions reflected in items a through g