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 $101.700 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 $ 49,900 25,300 75,200 10,320 $ 85,520 c. Time tickets show the following labor used for the month Job 201 $ 40,900 Job 202 14,300 Total direct labor 55,200 Indirect labor 25,900 Total labor used $ 81,100 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 $168,860 on credit g. Incurred the following actual other overhead costs for the month Depreciation of factory equipment $ 33,700 Rent on factory building (payable) Factory utilities (payable) 970 Expired factory insurance Total other factory overhead costs 670 4,700 $40.040 Total other factory overhead costs 5.40,040 Exercise 19-8 (Algo) T-accounts for manufacturing activities LO P1, P2, P3 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance Raw Materials Inventory 0 14 Beginning Balance Work in Process Inventory 0 Beginning Balance Ending balance Ending balance Factory Overhead Beginning Balance Finished Goods Inventory 0 Beginning Balance Ending balance Ending balance Cost of Goods Sold Beginning Balance