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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: a .

[The following information applies to the questions displayed below.]
Information on Kwon Manufacturing's activities for its first month of operations follows:
a. Purchased $100,800 of raw 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 $166,160 on credit.
g. Incurred the following actual other overhead costs for the month.
Exercise 15-8(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.
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