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 $19,700 $12,500 $16,200 $10,200 $ 24,300 $15,300 $ $ $ November costs incurred: Direct materials Direct labour Manufacturing overhead December costs incurred: Direct materials Direct labour Manufacturing overhead $ 0 $ 9,800 $ 27,700 $ 6,400 $ 7,600 $ 13,200 ? ? ? 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 $ 49,600 ? $101,000 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. Work in Process Raw Materials 49,600 Beg. Bal. Beg. Bal. End. Bal. 49,600 End. Bal. 0 Finished Goods Manufacturing Overhead Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 Salaries & Wages Payable Accounts Payable Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. 0 3-a. What apparent predetermined overhead rate does the company use to assign overhead cost to jobs? Predetermined overhead rate % 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 $ 0 $ 0 $ 0