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. The following additional information is avaliable: 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. 4. As stated earlier. Job 105 was completed during December: Prepare a journal entry to show the transfer of this job off the production line and into the finished goods warehouse. Post the entry to the appropriate T-accounts. (ff no entry is required for o transaction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the entry to show the transfer of work in process to finished goods. Note: Enter debits belore credits. c. Prepare an entry to record the incurrence of $21,160 in various actual manufactuting overhead costs for December (credit Accounts Payable) Post this entry to the appropriate T-accounts. (If no entry is required for o transoction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for ctual manufacturing overhead costs for December. Notez Enter debits before credits. 2. Prepare joumal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate Traccounts. (In the case of direct. materials, it is not necessary to make a separate entry for each job.) Indirect materials used during Decernber totalfed $5.200. (H no entry is required for o tronsoction/event, select "No journal entry required" in the first occourt field.) Journal entry worksheet Record the issue of materials into production and Indirect materials used during December totalled $5,200. Note: Enter debits before credits. 5. Determine the balance at December 31 in the Work in Process inventory accourt. How much of this balance consists of costs charged to Job 106? Job 107 ? 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: 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 b. Prepare an entry to record the incurrence of labour cost, and post the entry to appropriate T-accounts. In the case of direct labour cost, it is not necessary to make a separate entry for each job) Indirect labour cost totalled $9,600 for December. (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.). Journal entry worksheet Record the incurrence of labour cost and Indirect labour cost totalled $9,600. Note: Enter debits before credits. 2. Prepare joumal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate Traccounts. (In the case of direct. materials, it is not necessary to make a separate entry for each job.) Indirect materials used during Decernber totalfed $5.200. (H no entry is required for o tronsoction/event, select "No journal entry required" in the first occourt field.) Journal entry worksheet Record the issue of materials into production and Indirect materials used during December totalled $5,200. Note: Enter debits before credits. 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. The following additional information is avaliable: 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. 4. As stated earlier. Job 105 was completed during December: Prepare a journal entry to show the transfer of this job off the production line and into the finished goods warehouse. Post the entry to the appropriate T-accounts. (ff no entry is required for o transaction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the entry to show the transfer of work in process to finished goods. Note: Enter debits belore credits. c. Prepare an entry to record the incurrence of $21,160 in various actual manufactuting overhead costs for December (credit Accounts Payable) Post this entry to the appropriate T-accounts. (If no entry is required for o transoction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for ctual manufacturing overhead costs for December. Notez Enter debits before credits. 2. Prepare joumal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate Traccounts. (In the case of direct. materials, it is not necessary to make a separate entry for each job.) Indirect materials used during Decernber totalfed $5.200. (H no entry is required for o tronsoction/event, select "No journal entry required" in the first occourt field.) Journal entry worksheet Record the issue of materials into production and Indirect materials used during December totalled $5,200. Note: Enter debits before credits. 5. Determine the balance at December 31 in the Work in Process inventory accourt. How much of this balance consists of costs charged to Job 106? Job 107 ? 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: 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 b. Prepare an entry to record the incurrence of labour cost, and post the entry to appropriate T-accounts. In the case of direct labour cost, it is not necessary to make a separate entry for each job) Indirect labour cost totalled $9,600 for December. (If no entry is required for a transaction/event, select "No journal entry required" in the first occount field.). Journal entry worksheet Record the incurrence of labour cost and Indirect labour cost totalled $9,600. Note: Enter debits before credits. 2. Prepare joumal entries for December as follows: a. Prepare an entry to record the issue of materials into production and post the entry to appropriate Traccounts. (In the case of direct. materials, it is not necessary to make a separate entry for each job.) Indirect materials used during Decernber totalfed $5.200. (H no entry is required for o tronsoction/event, select "No journal entry required" in the first occourt field.) Journal entry worksheet Record the issue of materials into production and Indirect materials used during December totalled $5,200. Note: Enter debits before credits