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 10 points November conto incurred: Direct materials Direct labour Manufacturing overhead December conto incurredi Direct materials Direct Labour Manufacturing over hend Job 105 Job 106 Job 107 $18,300 $11,100 $ o $14,800 $ 8.800T . $ 23,680 $14,000 O BOOK 09.100 $ 24,900 $ 5,350 $ 6.900 $11,200 print References 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: Raw Materials Work in Process Tinished Goods $ 45,400 7 $94.000 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 Bos Bal Bog Raw Materials 45.400 354500 40.010 Work in Process 90,760 85.410 15.4101 End Bal 5 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 10 points Beg Bal Raw Malta 45.400 85.410 40.010 Beg Bal Work in Process 90.760 65 410 85.410 85410 346 990 Book End B d End Bal Manufacturing Overhead Finished Goods 4000 Beg Bal 0 Beg Bal Denonces d. End, 4.000 End Wages Payo os Accounts Payable $ of Bag 0 Beg End tal 0 End Bar 2. Prepare journal entries for December as follows: 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 $5,350. (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