Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $ of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job $
Job
Total direct materials
Indirect materials
Total materials used $
Time tickets show the following labor used for the month.
Job $
Job
Total direct labor
Indirect labor
Total labor used $
Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost.
Transferred Job to Finished Goods Inventory.
Sold Job for $ on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $
Rent on factory building payable
Factory utilities payable
Expired factory insurance
Total other factory overhead costs $
Post entries for transactions a through g to the Taccounts. Each of Taccounts started the month with a zero balance.
