Required Information Use the following Information to answer questions. (Algo) [The following Information applies to the questions displayed below] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 282 Total direct materials Indirect materials Total materials used $58,000 25,488 75,400 10,428 $ 85,820 c. Time tickets show the following labor used for the month. Job 281 Job 282 Total direct labor Indirect labor $ 41,000 14,400 55,488 26,800 Total labor used $ 81,400 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. (1) Sold Job 201 for $169,160 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 $ 33,888 688 988 4,888 $ 48,268 Exercise 15-8 (Algo) T-accounts for manufacturing activities LO P1, P2, P3 Post entries for transactions through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory Beginning Balance Ending balance Work In Process Inventory Beginning Balance Ending balance Factory Overhead Finished Goods Inventory Beginning Balance Beginning Balance Ending balance Cost of Goods Sold Beginning Balance Ending balance Ending balance