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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 $100,000 of

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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 $100,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,200 Job 202 23.600 Total direct materials 71,800 Indirect materials 8,620 Total materials used $ 80,420 c. Time tickets show the following labor used for the month. Job 201 $ 39,200 Job 202 12,600 Total direct labor 51,800 Indirect labor 24,200 Total labor used $ 76,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of B0% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory f. Sold Job 201 for $163,760 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 3,000 Total other factory overhead contos $ 36,300 5 32,000 500 800 Required Information Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Beginning Balance Raw Materials inventory 0 100.000 30,42016 Work In Process Inventory 0 Beginning Balance Ending balance 19.580 Ending balance 0 Factory Overhead Finished Goods Inventory 0 Beginning Balance 0 Beginning Balance Id C 8.620 24.200 36,300 19 Ending balang Ending balance 09.120 Beginning Balance Cost of Goods Sold 0 Ending balance 0

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