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 $100,800 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 $ 49,000 24,400 73,400 9,420 $ 82,820 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 40,000 13,400 53,400 25,000 $ 78,400 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 $166,160 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 $ 32,800 580 880 3,800 $ 38,060 Answer is not complete. No Transaction General Journal Debit Credit 1 a. 100,800 Raw materials inventory Accounts payable 100,800 2 b(1). 73,400 Work in process inventory Raw materials inventory 73,400 3 b(2). 9,420 > Factory overhead Raw materials inventory 9,420 4 c(1). 53,400 > Work in process inventory Accounts payable 53,400 > 5 c(2). 25,000 > Factory overhead Accounts payable 25,000 > 6 d. Work in process inventory 58,720 Factory overhead 58,720 7 e. Finished goods inventory Work in process inventory 8 f(1). Accounts receivable Sales 9 f(2). Cost of goods sold Finished goods inventory 10 g. Factory overhead Rent payable Utilities payable Prepaid insurance