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 $100,500 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 $ 48,700 24,100 72,800 9,120 $ 81,920 c. Time tickets show the following labor used for the month. Job 201 $ 39,700 Job 202 13,100 Total direct labor 52,800 24,700 $ 77,500 Indirect labor Total labor used 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 $165,260 on credit. g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) $ 32,500 550 850 3,500 Expired factory insurance Total other factory overhead costs $ 37,400 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materiale Inventory Beginning Balance 0 Ending balance Work In Process Inventory Beginning Balance Ending balance Factory Overhead Finished Goods Inventory Beginning Balance 0 Beginning Balance Ending balance Cost of Goods Sold Beginning Balance 0 Ending balance Ending balance