Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,600 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,800 Job 202 24,200 Total direct materials. 73,000 Indirect materials 9,220 Total materials used $ 82,220 c. Time tickets show the following labor used for the month. Job 201 $ 39,800 Job 202 Total direct labor. 13,200 53,000 24,800 Indirect labor Total labor used $ 77,800 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 $165,560 on credit. g. Incurred the following actual other overhead costs for the month. $ 32,600 560 Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance. 860 3,600 Total other factory overhead costs $ 37,620 1 Record materials purchases. 2 Record direct materials used. 3 Record indirect materials used. 4 Record direct labor used. 5 Record indirect labor used. 6 Record overhead applied to jobs at the rate of 80% of direct materials cost. 7 Record the completion of Job 201. 7 Record the completion of Job 201. 8 Record the sale of job 201 on credit. 9 Record the cost of job 201. 10 Record other actual factory overhead costs. Journal entry worksheet 1 2 3 Record direct materials used. Note: Enter debits before credits. Transaction b(1). Record entry 4 5 6 7 8 9 10 General Journal Debit Credit Clear entry View general Journal