Sparkies Electrical uses a job$-$order costing system. Only three jobsJob $116,$ Job $117,$ and Job $118$were worked on during November and December. Job $116$ was completed on December $10$; the othertwo 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:Job Cost SheetJob $116$ Job $117$ Job $118$November costs incurred:

Direct materials $ $18,700$ $ $11,500$ $ $0$Direct labour $ $15,200$ $ $9,200$ $ $0$Manufacturing overhead $ $22,800$ $ $13,800$ $ $0$

December costs incurred:

Direct materials $ $0$ $ $9,300$ $ $25,700$Direct labour $ $5,650$ $ $7,100$ $ $12,200$Manufacturing overhead $???$

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 $ $46,600$

Work in Process $?$

Finished Goods $ $96,0001.$

Question $1$:

Prepare T$-$accounts for Raw Materials, Work in Process, Finished Goods, and ManufacturingOverhead. 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.

$2.$ Prepare journal entries for December as follows:

a$.$ Prepare an entry to record the issue of materials into production and post the entry to appropriateT$-$accounts. $($In the case of direct materials, it is not necessary to make a separate entry for eachjob.$)$ Indirect materials used during December totalled $$5,650.$

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 eachjob.$)$ Indirect labour cost totalled $$10,200$ for December.c$.$ Prepare an entry to record the incurrence of $$19,475$ in various actual manufacturing overheadcosts for December $($credit Accounts Payable$).$ Post this entry to the appropriate T$-$accounts.

$3-$a$.$ What apparent predetermined overhead rate does the company use to assign overhead cost tojobs?

$3-$b$.$ Prepare a journal entry to record the application of overhead cost to jobs for December $($it is notnecessary to make a separate entry for each job$).$ Post this entry to the appropriate T$-$accounts.

$4.$ As stated earlier, Job $116$ was completed during December. Prepare a journal entry to show thetransfer of this job off the production line and into the finished goods warehouse. Post the entry to theappropriate T$-$accounts.

$5.$ Determine the balance at December $31$ in the Work in Process inventory account. How much of thisbalance consists of costs charged to Job $117?$ Job $118?$