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$.$ Purchased $$100,700$ of row materials on credit.

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 $$165,860$ on credit.

g$.$ Incurred the following octual 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

$$32,7ee$

$570$

$870$

$[870],[3,780]$

$$37,848$

Exerclse $19\mathrm{.}7($Algo$)$ Recording materials, labor, overhead, and sales LO P$1,$ P$2,$ P$3$

Prepare journal entries to record the transoctions reflected in items a through $g.$

Journal entry worksheet

Record indirect materials used.

Note: Enter debits before credits.