[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 Job 202 Total direct materials Indirect materials Total materials used $ 48,200 23,600 71,800 8,620 $ 80,420 c. Time tickets show the following labor used for the month Job 201 Job 282 Total direct labor Indirect labor Total labor used $ 39,200 12,600 51,800 24,200 $ 76,000 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 $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 $ 32,000 500 800 3,000 Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 32,000 500 800 3,000 $ 36,300 Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance. Raw Materials Inventory Beginning Balance 1100,000 Ending balance 28,200 Work in Process Inventory Beginning Balance 0 71,800 b b. 71,800 b. C 51,800 d. d. Ending balance 123,600 Factory Overhead Finished Goods Inventory Beginning Balance Beginning Balance Ending balance Cost of Goods Sold: Beginning Balance Ending balance Required information d. Ending balance 28.200 d Beginning Balance Factory Overhead 0 Ending balance Beginning Balance Cost of Goods Sold Ending balance Ending balance Beginning Balance Ending balance 51,800 123,600 Finished Goods Inventory 0