Required Information Use the following Information to answer questions. (Static) [The following information applies to the questions displayed below] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,000 of raw materials on credit. the month b. Materials requisitions show the following materials used Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 48,200 23,600 71, see 8,620 $ 80,420 c. Time tickets show the following labor used for the month Job 201 $ 39, 2ee Job 202 12,6ee Total direct labor 51, see Indirect labor 24, 2ee Total labor used 5.76, eee 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 $163,760 on credit g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ 32, eee Rent on factory building (payable) See Factory utilities (payable) see Expired factory insurance 3, eee Total other factory overhead costs $ 36, 30e Exercise 19-7 (Static) Recording materials, labor, overhead, and sales LO P1, P2, P3 eBook Prepare Journal entries to record the transactions reflected in items a through g. Print View transaction list References Journal entry worksheet