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 14,380 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 4,789 $40.040 Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs 670 970 4,700 $ 40,040 Exercise 19-7 (Algo) Recording materials, labor, overhead, and sales LO P1, P2, P3 Prepare journal entries to record the transactions reflected in items a through 9. View transaction list Journal entry worksheet Record materials purchases. Note: Enter debits before credits Transaction General Journal Debit Credit a