Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107-were worked on duringNovember and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, theend of the company's operating year. Data from the job cost sheets of the three jobs follow:November costs incurred:Direct materialsDirect labourManufacturing overheadDecember costs incurred:Direct materials.Direct labourManufacturing overhead.Raw MaterialsWork in ProcessFinished GoodsBeg. Bal.….…………………..End. Bal.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:Beg. Bal.End. Bal.Beg. Bal.Required:1. Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead. Enter the November 30inventory balances given above; in the case of Work in Process, compute the November 30 balance and enter it into the Work inProcess T-account.End. Bal.Raw Materials46,00046,000Finished Goods95,00095,000Job Cost SheetJob 105 Job 106 Job 107$18,500 $11,300 $$15,000 $ 9,000 $$22,500 $13,500$Salaries & Wages Payable0$0 $ 9,200$5,500 $ 7,000??$46,000$95,000$25,300$ 12,000Beg. Bal.End. Bal.Beg. Bal.000End. Bal.Beg. Bal.End. Bal.Work in ProcessManufacturing OverheadAccounts Payable0

Name: Kenworth Company uses a job-order costing system. Only three jobs-Job
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Kenworth Company uses a job-order costing system. Only three jobs-Job 105, Job 106, and Job 107-were worked on duringNovember and December. Job 105 was completed on December 10; the other two jobs were still in production on December 31, theend of t