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 Job 106 Job 107 November costs incurred: Direct materials Direct labour Manufacturing overhead 20,100 12,900 $ $ 16,600 10,600 $. $ 24,900 15,900 $ December costs incurred: Direct materials Direct labour Manufacturing overhead 0 10,000 $ 28,500 $ 6,700$ 7,800 13,600 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 $50,800 $103,000 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 50,800 Beg. Bal 101,000 45,200 End. Bal 5,600 End. Bal 101,000 Finished Goods Manufacturing Overhead Beg. Bal Beg. Bal End. Bal End. Bal Salaries & Wages Payable Accounts Payable Beg. Bal Beg. Bal End. Bal End. Bal entry is required for a transactionevent, select'No journal entry required" in the first eccount field. Journal entry worksheet Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal b. Prepare an entry to record the incurrence of labour cost, and post the entry to appropriate T-accounts. (In the case of direc cost, it is not necessary to make a separate entry for each job.) Indirect labour cost totalled $11,600 for December. (If no entr required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 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 $11,600 for December. (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 incurrence of labour cost and Indirect labour cost totalled $11,600 Note: Enter debits before credits. Event General Journal Debit Credit c. Prepare an entry to record the incurrence of $21,050 in various actual manufacturing overhead costs for December (credit Accounts Payable). Post this entry to the appropriate T-accounts. (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 for actual manufacturing overhead costs for December. Note: Enter debits before credits. Event General Journal Debit Credit Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal 3-a. What apparent predetermined overhead rate does the company use to assign overhead cost to jobs? Predetermined overhead 3-b. Prepere a jourrial entry to record the application of overhesd cost to jobs for December ot ts rnot necessary to make a separale entry for each b. Pust ths entry to th appropriate Taccounts. Of no entry is required for o transaction/event, select "No journal entry required" in the first eccount field.) Journal entry worksheet Rccond the entry to record the opplcaion cr overhcad cot to tobs ror December Lvent General Journal DebltCredt 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. (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 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