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Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: e. Purchased
Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: e. Purchased $100,000 of raw materials on eredit. b. Materials requisitions show the following materials used for the month. c. Time tickets show the following labor used for the month. 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 $163,760 on credit. 9. Incurred the following actual other overhead costs for the month. Prepare journal entries to record the transactions reflected in items a through g. Required information \begin{tabular}{|c|c|c|c|c|c|} \hline & No) & Transaction & General Journal & Dobit & Credit \\ \hline & 1 & a. & Raw materials inventory & 100,000 & \\ \hline & & & Accounts payable & & 100,000 \\ \hline \multirow[t]{2}{*}{7} & 2 & b(1) & Work in process inventory & 71,800 & \\ \hline & & & Raw materials inventory & & 71,800 \\ \hline \multirow[t]{2}{*}{7} & 3 & b(2) : & Factory overhead & 8,620 & \\ \hline & & & Raw materials inventory & & 8,620 \\ \hline \multirow[t]{2}{*}{} & 4 & c(1). & Work in process inventory & 51,800 & \\ \hline & & & Factory wages paryable & & 51,800 \\ \hline & 5 & c(2) & Factory overthead & 24,200 & \\ \hline & & & Factory wages payablo & & 24,200 \\ \hline & 6 & d. & Work in process inventory & 57,440 & \\ \hline & & & Factory overhead & & 57,440 \\ \hline & 7 & e. & Finished goods inventory & 125,960 & \\ \hline & & & Work in process inventory & & 125,960 \\ \hline \multirow[t]{2}{*}{/} & 8 & (1). & Accounts receivable & 163,760 & \\ \hline & & & Salos: & & 163,760 \\ \hline \multirow[t]{2}{*}{
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