[The following information applies to the questions displayed below.] Information on Kwon Manufacturings activities for its first month of operations follows:

1. Purchased $100,000 of raw materials on credit.
2. 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

3. 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

4. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost.
5. Transferred Job 201 to Finished Goods Inventory.
6. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201.
7. Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment	$ 32,000
Rent on factory building (payable)	500
Factory utilities (payable)	800
Expired factory insurance	3,000
Total other factory overhead costs	$ 36,300

Prepare journal entries to record the transactions reflected in items a through g.

Prepare journal entries to record the transactions reflected in items a through g. View transaction list Journal entry worksheet Record materials purchases. Note: Enter debits before credits. Transaction General Journal Debit Credit a. 100,000 Raw materials inventory Accounts payable 100,000