Journal entry worksheet

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.

8. Record the sale of job 201 on credit.

9. Record the cost of goods sold for Job 201.

10. Record other actual factory overhead costs.

Requlred Information [The following Information applles to the questions displayed below.] Information on Kwon Manufacturing's actlvitles for Its first month of operations follows: a. Purchased $100,200 of raw materlals on credit. b. Materlals requisitions show the following materlals used for the month. c. TIme tickets show the following labor used for the month. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materlals cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $164,360 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. Prepare journal entrles to record the transactions reflected In Items a through g