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[ The following information applies to the questions displayed below. ] Information on Kwon Manufacturing s activities for its first month of operations follows: Purchased

[The following information applies to the questions displayed below.]
Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $100,700 of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job 201 $ 48,900
Job 20224,300
Total direct materials 73,200
Indirect materials 9,320
Total materials used $ 82,520
Time tickets show the following labor used for the month.
Job 201 $ 39,900
Job 20213,300
Total direct labor 53,200
Indirect labor 24,900
Total labor used $ 78,100
Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost.
Transferred Job 201 to Finished Goods Inventory.
Sold Job 201 for $165,860 on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $ 32,700
Rent on factory building (payable)570
Factory utilities (payable)870
Expired factory insurance 3,700
Total other factory overhead costs $ 37,840
Prepare a job cost sheet for Job 201 and for Job 202 for the month.
Compute gross profit on the sale of Job 201.

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