Required Information

Use the following information to answer questions. $($Algo$)$

$[$The following informotion opplies to the questions disployed below.$]$

Information on Kwon Manufacturing's activities for its first month of operations follows:

a$.$ Purchssed $$100,700$ of row materials on credit.

b$.$ Materisls 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 $$165,860$ on credit.

g$.$ Incurred the following actual other overhead costs for the month.

Depreciation of factory equipnent

Rent on factory building $($payable$)$

Factory utilities $($payable$)$

Expired factory insurance

Total other factory overhead costs

Exerclse $19\mathrm{.}6($Algo$)$ Computing job costs and gross profit LO P$1,$ P$2,$ P$3$

Prepare a job cost sheet for Job $201$ and for Job $202$ for the month.

$2$ Compute gross profit on the sale of Job $201.$

Complete this question by entering your answers in the tabs below.

Compute gross profit on the sale of Job $201.$