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(Solved): Use the following information to answer questions. (Algo) [The following information applies to th ...



Use the following information to answer questions. (Algo)
[The following information applies to the questions displayed belowd. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is \( 80 \% \) of direct materials cost.
e.

Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased of raw materials on credit. 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 is of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. xercise (Algo) Recording materials, labor, overhead, and sales LO P1, P2, P3 repare journal entries to record the transactions reflected in items a through .


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Working notes:Job 201Job 202Materials$50,000$25,400Direct labor
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