Question: only need help on req 2 Required information The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first

Required information The following information applies to the questions displayed below) Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,300 of row materlats on eredit: b. Materials requisitions show the following materials 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 of 80% of direct materials cost e. Transferred Job 201 to Finished Goods inventory f. Sold Job 201 for $164,660 on credit. 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. Complete this question by entering your answers in the tabs below. Compute gross profit on the sale of Job 201. Prouined information Wor resos to the Forming procets fir Noy tioms thatos: Anatres
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
