Kenworth Company uses a job-order costing system. Only three jobs - Job 105, Job 106, and Job 107 were worked on during November and December. Job 105 was completed on December 10, the other two jobs were still in production on December 31, the end of the company's operating year. Data from the job cost sheets of the three jobs follow: Job Cost Sheet Job 105 ob 106 Job 107 November costs incurred: Direct materials Direct labour Manufacturing overhead December costs incurred Direct materials Direct labour Manufacturing overhead $18,500 $11,3003 $15,000 $9,000 $ $22,500 $13,500 $ $ e $ 9,200 $ 25,300 $ 5,500 $ 7,000 $12,000 The following additional information is available: a. Manufacturing overhead is applied to jobs on the basis of direct labour cost. b. Balances in the inventory accounts at November 30 were as follows: $46,000 Raw Materials Work in Process Finished Goods $95,000 Required: 1. Prepare T-accounts for Raw Materials, Work in Process, Finished Goods and Manufacturing Overhead. Enter the November 30 inventory balances given above; in the case of Work in Process, compute the November 30 balance and enter it into the Work in Process T-account. Raw Materials Work in Process Beg Bal Beg Bat End. Bal End Bal Finished Goods Manufacturing Overhead Beg Bal Beg Bal End Bal End Bal Accounts Payable Salaries & Wages Payable Beg Bal Beg Bal End Bal End Bal a. Prepare an entry to record the issue of materials into production and post the entry to appropriate T-accounts. In the case of direct materials, it is not necessary to make a separate entry for each job.) Indirect materials used during December totalled $5,500. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to show the transfer of work in process to finished goods, Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general Journal 5. Determine the balance at December 31 in the Work in Process inventory account. How much of this balance consists of costs charged to Job 106? Job 107? Job 106 Job 107 Total Direct materials Direct labour Manufacturing overhead Total cost