Part 1 of 3 3 points eBook Print ច References a. Purchased $100,300 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,500 Job 202 23,900 Total direct materials 72,400 Indirect materials 8,920 Total materials used $ 81,320 c. Time tickets show the following labor used for the month. Job 201 $ 39,500 Job 202 12,900 Total direct labor Indirect labor 52,400 24,500 Total labor used $ 76,900 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 $164,660 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. $ 32,300 530 Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance 830 3,300 Total other factory overhead costs $ 36,960
