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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 $100,500 of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job 201 $ 48,700
Job 20224,100
Total direct materials 72,800
Indirect materials 9,120
Total materials used $ 81,920
Time tickets show the following labor used for the month.
Job 201 $ 39,700
Job 20213,100
Total direct labor 52,800
Indirect labor 24,700
Total labor used $ 77,500
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 $165,260 on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $ 32,500
Rent on factory building (payable)550
Factory utilities (payable)850
Expired factory insurance 3,500
Total other factory overhead costs $ 37,400
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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[The following information applies to the questions displayed below.]
Information on Kwon Manufacturing's activities for its first month of operations follows:
a. Purchased $100,500 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 $165,260 on credit.
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
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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