Normal No Spacing Heading1 Heading 2 Cost Sheets, Overhead Rates; Journal Entries Kenworth Company em- ploys 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 prodaction on December 31, the ead of the company's operating year. Job cost sheets on the three jobs are given below Job Cost Sheet 2 Jeb 105 Job 106 Job 107 November costs incurred $16500 9,300 7,000 Direct maserials Manafacturing over bead December costs incurred 13,000 20,800 11,200- 8200 21,300 6,000 10,000 Direct labor Manufacturing overheatd The following additiceal information is available: Manafacturing overhead is assigned to jobs on the basis of direct labor cost Balances in the inventory accounts at November 30 were as follows: b. Raw Materials Work in Process Finished Goods 40,000 85,000 1) Determine the beginning balance at Dec. 1 (Nov. 30) for Work-in Process Control. 2) The company uses a predetermined overhead rate so find it & show work how you got it. 3) Fill-in the data for December for Work-in Process Control (T-account) & subsidiary ledger. 4) Add T-accounts for Product costs and complete each T-account as of December 31. Use below data to help fill-in accounts Note: some additional information for December is that indirect material was $6,000, Indirect labor was $9.000, and other actual mfg. overhead was $21,000 and Payable at December 31. Job #105 was completed in December and sold for $85,000. 5) What is the ending balance in work-in Process control at December 31, 6) Prepare all journal entries for all product costs for December below in good form 7) What is the balance in Mfg. Overhead T-account at December 31 and should any thing be done with it and if so prepare a journal entry