[The following information applies to the questions displayed below.]

Information on Kwon Manufacturings activities for its first month of operations follows:

Purchased $100,200 of raw materials on credit.

Materials requisitions show the following materials used for the month.

Job 201$ 48,400Job 20223,800Total direct materials72,200Indirect materials8,820Total materials used$ 81,020

Time tickets show the following labor used for the month.

Job 201$ 39,400Job 20212,800Total direct labor52,200Indirect labor24,400Total labor used$ 76,600

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 $164,360 on credit.

Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment$ 32,200Rent on factory building (payable)520Factory utilities (payable)820Expired factory insurance3,200Total other factory overhead costs$ 36,740

1. Prepare a job cost sheet for Job 201 and for Job 202 for the month.
2. Compute gross profit on the sale of Job 201.