myUT X Question 2 - Ch 15 Homework - ( X Dashboard X + V X - C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fblackboard.utdl.edu%252Fwe... @ C . . . Ch 15 Homework i Saved Help Save & Exit Submit Check my work 2 Required information [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: 2 points a. Purchased $100,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Book Job 201 $ 48, 200 Job 202 23,600 References Total direct materials 1, 800 Indirect materials 8, 620 Total materials used 6 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 is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $163,760 on credit. (2) Record cost of goods sold for Job 201. y. 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 Mc raw Hill 52OF 1:56 PM Cloudy O 12/9/2022eBook 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. References 2. Compute gross profit on the sale of Job 201. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Sales $ 163,760 Cost of goods sold Gross Profit