Kenworth Company uses a job-order costing system. Only three jobsJob 105, Job 106, and Job 107were 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 companys operating year. Data from the job cost sheets of the three jobs follow:

Please do the job costing sheet as well as the calculation of manufacturing rate and the T-Accounts.

Thank you! - Student

Kenworth Company uses a job-order costing system. Only three jobsJob 105, Job 106, and Job 107were 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 Job 106 Job 107 $17,100 $ 9,900 $13,600 $ 7,600 $21,760 $12,160 $ $ $ November costs incurred: Direct materials Direct labour Manufacturing overhead December costs incurred: Direct materials Direct labour Manufacturing overhead 0 0 0 $ 0 $ 8,500 $ 4,450 $ 6,300 ? ? $ 22,500 $ 10,600 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 Finished Goods $41,800 ? $88,000 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. 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 41,800 Work in Process 82,120 Beg. Bal. Beg. Bal. 0 a. 31,000 End. Bal. 41,800 b. 21,350 0 0 34,160 168,630 End. Bal. Manufacturing Overhead Finished Goods 88,000 Beg. Bal. Beg. Bal. End. Bal. 88,000 End. Bal. 0 Salaries & Wages Payable Accounts Payable Beg. Bal Beg. Bal. End. Bal. 0 End. Bal. 0